Thinking about buying in Augusta Margaret River? Now could not be a better time, with just 228 residential dwellings it's a highly sought after location.
The average property price for this area is $1,632,000 with prices in this suburb ranging from $576,000 to $5,341,000.Distance to the coast is 0 Km.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Augusta Margaret River is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Augusta Margaret River changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Augusta Margaret River requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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.
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|215 BURNSIDE RD, BURNSIDE, QLD, 4560||3||1||4||UNDER CONTRACT - BUYER INTEREST IN THE MID TO HIGH|
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source: Australian Government Bureau of Meteorology
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