OA Logo Green
search icon

Get a property report and suburb profile for any property in Margaret River

Join the 2.6 million Australians* who use our services every year.

Geo Page

Margaret River suburb profile

Margaret River is a coastal town in Western Australia’s South West that serves as the service and cultural hub of the famous wine region. Set among karri forest and the Margaret River waterway, it provides quick access to surf breaks at Prevelly, limestone caves in Leeuwin-Naturaliste National Park and the Cape Leeuwin lighthouse on the coast. The town centre features cellar doors, galleries, craft breweries, cafes and boutique shops, attracting winemakers, creative professionals, surfers and families who favour an outdoor lifestyle. Housing ranges from weatherboard cottages and riverside homes to rural properties and newer residential areas, with regular markets and food and wine events.

Margaret River property market performance

Current median dwelling price$752,500Past 3 months

Property growth+17.9%Past 12 months

There are relatively few recent unit sales in the suburb, so there isn't enough data to publish a reliable median unit price. On the house side, the median house price is $1.005 million and house values have risen sharply, up 22.2% over the last 12 months. Unit values have also risen sharply, up 13.6%, with house values rising more strongly than unit values.

Over the last 3 months 35 houses and 3 units were sold. Houses sold faster, in a median of 12 days compared with 33 days for units.

The rental market in Margaret River saw house rents average $755 a week, up a solid 7.9% over the last 12 months. Unit rents averaged $620 a week, up sharply 12.7%, so unit rents grew faster than house rents.

HousesUnits
Median price
Past 3 months
$1MN/A
Change in value
Past 12 months
22.3%13.6%
Sold
Past 3 months
353
Median days on market
Past 12 months
1233
Average rent
Past 12 months
$755$620
Change in rent
Past 12 months
7.9%12.7%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Margaret River demographics

Margaret River is a community of 8,918 people with a median age of 39 and a median household income of $1,640 a week, about $85,280 a year.

Among reported families, couple families with children are the largest group at 44.4%, and together with couple families without children (38.0%) they make up 82.4% of families. One-parent families account for 16.9% and other families 0.7%.

Homes in Margaret River are mostly owner-occupied: 29.7% are owned outright and 42.8% are owned with a mortgage, a combined 72.5%, while 27.5% of dwellings are rented.

Suburbs near Margaret River

Some popular suburbs near Margaret River include:

  • Burnside: Semi-rural locality with farmland and a relaxed country atmosphere.
  • Prevelly: Coastal village famed for its surf beaches and ocean views.
  • Witchcliffe: Small farming village with tree-lined streets and a quiet pace.
  • Gnarabup: Compact coastal spot popular for beach walks and surf breaks.
  • Cowaramup: Rural township in the wine region, known for rolling farmland.

How does Margaret River compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Margaret River have grown 11.5% higher than in Witchcliffe.
  • Selling speed for houses: Properties in Margaret River are selling 42.9% faster than in Witchcliffe.

Choose the right real estate agents in Margaret River

Choosing the right real estate agent in Margaret River can have a big impact on your sale. While there are 24 real estate agents working in the suburb, but just 5 of them were responsible for 58.7% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.95% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

Geo Page

Get a head start and compare top local agents in Margaret River

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron