Margaret River, 6285 ranked 350th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Margaret River has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for Margaret River is $443000, with sellers offering an average of -6.70% off the asking price.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 0.69%, investors should hope to achieve an overall return of 4.70%
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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.