Thinking about buying in Margaret River? Now could not be a better time, with 6501 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $816,000 with prices in this suburb ranging from $96,000 to $4,357,000. Margaret River is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $379.59 |
Median Monthly Mortgage | $1687.59 |
Median Persons Per Bedroom | 0.78 |
Average Household Size | 2.65 |
Average Age | 39.59 |
Average Income | $827.88 |
Average Cars Per Dwelling | 1.82 |
Average Properties Within 50M | 16 |
1 Bed  $463,000 |
2 Bed  $627,000 |
3 Bed  $788,000 |
4 Bed  $867,000 |
5 Bed  $1,341,000 |
6 Bed+$1,269,000 |
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Margaret River are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Margaret River leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Margaret River necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Rapids Landing Primary School
Margaret River Montessori School
St Thomas More Catholic Primary School
Margaret River Primary School
Margaret River Senior High School
(While the above schools are located with the suburb of Margaret River there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.4 | 13.8 | 27.1 | 41.2 | 89.3 | 4.6 | 27.2 |
Feb | 0.3 | 14.7 | 27.8 | 41.6 | 88.6 | 4.5 | 23.2 |
Mar | 0.9 | 13.6 | 25.8 | 43.7 | 86.9 | 3.9 | 18.5 |
Apr | 2.0 | 11.6 | 22.8 | 48.3 | 92.0 | 2.9 | 13.8 |
May | 4.3 | 8.9 | 19.6 | 52.3 | 92.3 | 2.6 | 10.5 |
Jun | 6.6 | 9 | 17.4 | 56.1 | 90.7 | 3.3 | 8.6 |
Jul | 6.6 | 8.4 | 16.4 | 57.4 | 92.3 | 3.5 | 8.7 |
Aug | 5.4 | 8.1 | 17.0 | 55.0 | 92.0 | 3.3 | 11.5 |
Sept | 4.6 | 8.9 | 18.0 | 52.9 | 89.8 | 3.8 | 15.8 |
Oct | 1.7 | 10.0 | 20.3 | 54.1 | 95.3 | 3.6 | 21.1 |
Nov | 1.4 | 10.6 | 22.6 | 46.5 | 94.1 | 3.9 | 24.9 |
Dec | 0.7 | 12.6 | 25.5 | 43.1 | 92.3 | 4.4 | 28.4 |
source: Australian Government Bureau of Meteorology
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