Margaret River is a mid-sized suburb in Western Australia within the Augusta Margaret River local government area (postcode 6285). It is home to about 8,918 residents, with an established demographic and a median age of 39. Households earn a median income of $85K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, labourers. Employment in the area leans toward accommodation & food and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Margaret River stand at $840,000, having grown strongly by 8.7% over the last twelve months. Units have a median price of $520,000 (+4% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 4.6%. 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 shows a gross rental yield of approximately 4.6%, 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. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.