Question 1

Is Magra a nice place to live?

Accepted Answer

Magra is a quiet rural-residential locality in the Derwent Valley, set among rolling hills and pockets of native bush just outside New Norfolk. Characterised by lifestyle blocks and timber and weatherboard homes on larger lots, with paddocks, orchards and remnant bush, it attracts people seeking rural living with reasonably direct road access to the city, including families, hobby farmers and retirees. Daily shopping, schools and services are found in nearby New Norfolk, and the surrounding landscape offers bushwalking, scenic views across the Derwent River valley and space for small-scale agriculture.

The community is small — 759 people with a median age of 43 — and households are dominated by couple families, which together make up about four in five households. Most homes are owner-occupied (53.1% with a mortgage and 42.1% owned outright) and 4.7% are rented. There are no significant new public infrastructure or civic-amenity projects noted for Magra; local council work focuses on routine services such as roadside mowing and periodic road resealing around Back River Road and Black Hills Road. Whether Magra suits you will come down to how much you value its country setting and proximity to New Norfolk for everyday needs.

Question 2

Is it expensive to live in Magra?

Accepted Answer

Renting in Magra (TAS 7140) would take a sizeable share of local incomes at the most recent Census. The average house rent is $645 a week; against a typical local household income of $1,617 a week at the last Census, that rent would be about 39.9% of a household's weekly income, roughly two-fifths. If you're renting rather than buying, that rent share is the most relevant figure when judging how costly it feels.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Magra a good place to invest?

Accepted Answer

There haven't been enough recent property sales in Magra to publish reliable figures on how house or unit values and rents have changed over the past year. Without those figures, there isn't a clear picture of how the suburb has performed as an investment lately.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$645	N/A
Change in rent Past 12 months	N/A	N/A

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