Margaret River is a mid-sized suburb in Western Australia within the Augusta Margaret River local government area (postcode 6285). With a population of 8,918, the suburb has an established demographic with a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Margaret River is $840,000, having grown strongly 8.7% over the past year. Units have a median price of $520,000 (+4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,694.
Margaret River is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1052, which is above the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, Margaret River offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($840K/$951K). The price-to-income ratio of 9.8x is considered moderate. House prices have moved +8.7% year-on-year.
Margaret River is a mid-sized suburb in Western Australia within the Augusta Margaret River local government area (postcode 6285). With a population of 8,918, the suburb has an established demographic with a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Margaret River is $840,000, having grown strongly 8.7% over the past year. Units have a median price of $520,000 (+4% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,694.
Margaret River is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1052, which is above the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, Margaret River offers a gross rental yield of 4.2%, rated as moderate yield. Property prices are near the state median ($840K/$951K). The price-to-income ratio of 9.8x is considered moderate. House prices have moved +8.7% year-on-year.