All About Molloy Island, Augusta Margaret River, WA, 6290

Molloy Island, nestled in the Augusta Margaret River region of Western Australia, presents a unique and tranquil housing market characterized by natural beauty and exclusivity. As a private residential island, access to Molloy Island is limited to residents and their guests, fostering a strong sense of community and privacy. The housing market here tends to feature a mix of charming, rustic homes that often boast large blocks of land surrounded by lush forests and native flora. Over the years, this seclusion and connection to nature have made the island an attractive spot for buyers seeking a serene lifestyle or a peaceful retreat away from the bustling crowds found elsewhere.

Living on Molloy Island means embracing a lifestyle closely intertwined with nature and a small but welcoming community. The island's picturesque environment offers endless opportunities for outdoor activities such as bushwalking, bird watching, and fishing in the idyllic Blackwood River, which borders the island. Despite its seclusion, residents are not isolated from essential services, with the town of Augusta nearby providing shopping, dining, and healthcare facilities. The atmosphere on the island is often described as peaceful and relaxed, making it an ideal place for those looking to enjoy a slower pace of life amidst the stunning backdrop of the Western Australian landscape.

Molloy Island Real Estate Market Outlook

Thinking about buying in Molloy Island? Now could not be a better time, with just 294 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $529,000 with prices in this suburb ranging from $79,000 to $1,180,000. Molloy Island is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Molloy Island there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Molloy Island due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Molloy Island 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. Lower than average population density constrains growth in Molloy Island to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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General Points of Interest

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