Thinking about buying in Magra? Now could not be a better time, with just 334 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $279,000 with prices in this suburb ranging from $18,000 to $870,000. The aproximate distance to the coast is 26 Km.

Magra Real Estate Market Outlook

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 Magra 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. A mix of professions and above average income earners in Magra provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Magra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Houses for sale Magra

	404 back river rd, magra, tas, 7140	4	4	10	Expressions of Interest over $1.5 million
	905 back river rd, magra, tas, 7140				Offer Over $219,000
	unit 1, 263 back river rd, magra, tas, 7140				$220,000
	86 black hills rd, magra, tas, 7140	4	2	2	Price Range $820,000 - $880,000

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General Points of Interest

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