Margaret River, 6285 ranked 303th in WA when comparing growth in median property values or capital gain over the last 12 months. Margaret River is one of 1662 in our list for WA
Comparing Margaret River,6285 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Margaret River is offering property investors an average of -8.00. This rate of discount on properties puts Suburb at number 236th in terms of most discounted suburbs in WA
With the median price for a house in Margaret River being $440000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.85%
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Wine town’s reputation boosts apartment values
Median unit price: $342,000
Three-year growth: 11.04%
Rental yield: 4.87%
The coastside suburb of Margaret River may be located some distance away from the CBD, but that hasn’t stopped it from rising in popularity in the face of the WA property market’s problems.
Affordability is definitely a factor here, with the median unit price coming in at just over $340,000. The rental yield is also reasonably high at 4.9%, which could attract investors. Currently, vacancies are tight, with growth peaking at 14% in the past 12 months. The same rate was retained in the February 2017 quarter.
Tourism has kept the suburb going strong in the aftermath of the resources downturn, with its renowned wine region at the forefront. There are also several well-known caves for exploration, the most famous being Mammoth Cave. Being near the water, “Margs” is also visited by many surfers. Bus services to the city are available as well.