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Real Estate in Margaret River, Australia | Expat Exchange
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Real Estate in Margaret River, Australia

By Betsy Burlingame

Last updated on Oct 03, 2024

Summary: People living in Margaret River, Australia offer advice about real estate. How do you find a home in Margaret River? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Margaret River?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Margaret River, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a rental apartment, a house, or even a shared accommodation. Next, you can start your search online. Websites like realestate.com.au, domain.com.au, and rent.com.au are popular platforms for finding rental properties in Australia. You can filter your search based on your preferences such as location, price range, number of bedrooms, and property type. Another option is to engage a real estate agent who specializes in the Margaret River area. They can help you find properties that match your criteria, arrange viewings, and guide you through the application process. Local newspapers and community bulletin boards may also have listings for rental properties. It's also worth asking around in local social media groups or forums, as locals may know of available places that aren't widely advertised. Once you've found a potential place, you'll need to submit an application. This usually involves providing references, proof of income, and possibly a credit check. If your application is accepted, you'll then sign a lease agreement, which outlines the terms and conditions of your rental. Remember to inspect the property thoroughly before signing any agreement. Check for any damages and ensure all appliances are working properly. It's also a good idea to understand the terms of the lease, including the length of the lease, the amount of the deposit, and the conditions for getting your deposit back at the end of the lease. Finally, once you've secured your new place, you'll need to arrange for utilities like electricity, water, and internet to be connected, and inform your previous utility providers of your move," explained one expat living in Margaret River, Australia.

What is a typical expat home or apartment like in Margaret River?

"A typical expat home or apartment in Margaret River, is often spacious and comfortable, designed to accommodate the relaxed, outdoor lifestyle that the region is known for. These homes usually have large windows to let in natural light and to offer views of the surrounding natural beauty, which can include vineyards, forests, and the ocean. The architecture often blends modern design with traditional Australian elements, such as wide verandas and open-plan living spaces. Inside, the homes are typically furnished with modern amenities, including fully equipped kitchens, air conditioning, and high-speed internet. Many homes also have outdoor spaces, such as patios or gardens, which are perfect for barbecuing or simply enjoying the region's mild climate. In terms of location, expat homes can be found throughout the Margaret River region, from the town center with its shops and restaurants, to more secluded spots in the countryside or near the beach. Regardless of the location, these homes offer a peaceful and relaxed lifestyle, with plenty of opportunities for outdoor activities, such as surfing, hiking, and wine tasting. In summary, a typical expat home in Margaret River is a comfortable and modern space that offers a relaxed lifestyle and a connection to the region's stunning natural environment," explained one person living in Margaret River, Australia.

What is the average cost of housing in Margaret River?

If you are thinking about moving to Margaret River, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Margaret River can vary greatly depending on the type and size of the property. However, as of recent data, the median house price in this region is typically around the mid to high six-figure range in Australian dollars. It's important to note that prices can fluctuate based on market conditions and other factors," explained one expat living in Margaret River, Australia.

Should I buy or rent a home in Margaret River?

If you have not spent a lot of time in Margaret River, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Margaret River, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Margaret River for a long time, buying a home could be a good investment. Owning a home allows you to build equity over time and can provide a sense of stability and permanence. On the other hand, renting might be a better option if you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of home ownership. Renting can offer more flexibility, as it's easier to move if your circumstances change. It also means you won't have to worry about property maintenance or unexpected repair costs, as these are typically covered by the landlord. It's also important to consider the local real estate market. If property prices in Margaret River are high and continue to rise, buying a home could be a good investment. However, if prices are stagnant or falling, it might be more cost-effective to rent. Finally, consider your financial situation. Buying a home requires a significant upfront cost, including a down payment and closing costs. You'll also need to be able to afford ongoing costs like mortgage payments, property taxes, insurance, and maintenance. Renting, on the other hand, typically involves lower upfront costs and the monthly rent may be lower than a mortgage payment. In conclusion, the decision to buy or rent a home in Margaret River, Australia, should be based on your personal circumstances, financial situation, and long-term plans. It's a decision that requires careful consideration and, ideally, advice from a financial advisor or real estate professional," said one expat who made the move to Margaret River.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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