If you compare the increase in value of investment property in Margaret River, 6285 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 13.83%.
Taking the average capital gain, or increase in median house value, Margaret River,6285 has racked up an average of 13.83% over the period. This ranks it number 2127th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Margaret River should be aiming for at least -6.07% off the asking price, which is the average vendor discount being achieved at the moment.
Margaret River is 235th on a list of best yielding suburbs for rents in WA with a 3.94% return
At number 1643th in the list of Australian suburbs ordered by increase in median house value over the last year, Margaret River, 6285 is in the BOTTOM 10% with a property value increase of -14.55% recorded in median house prices.
Across a shorter period, Margaret River, 6285 has seen a median price increase of -6.61% over the last quarter.
Margaret River, 6285’s gross rental yield is 5.52%
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.Full summary
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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.