Magra, a serene locality in the Derwent Valley of Tasmania, offers a unique blend of rural charm and community-centric living. The housing market in Magra is characterized by a mix of traditional, spacious homes and more modern constructions, reflecting the area's development over the years. Compared to major cities in Australia, the properties here are relatively affordable, attracting families, retirees, and those seeking a peaceful lifestyle away from the hustle and bustle. The market has seen steady interest due to its scenic surroundings and proximity to New Norfolk, which provides essential services and amenities. Recent trends suggest a gradual increase in demand as more people discover the allure of this picturesque region.
Living in Magra is all about enjoying a close-knit community atmosphere amidst natural beauty. The area is perfect for outdoor enthusiasts, with numerous walking trails, parks, and spots for picnicking and enjoying the local flora and fauna. The community spirit in Magra is strong, with frequent local events and gatherings that bring residents together, fostering a sense of belonging. The slow-paced lifestyle, coupled with the breathtaking views of the surrounding landscapes, makes Magra an ideal place for those looking to escape the rigors of urban living while still being connected to necessary conveniences. With its charming surroundings and welcoming community, Magra is not just a place to live, but a haven to thrive.
Median Weekly Rent | $310.29 |
Median Monthly Mortgage | $1258.29 |
Median Persons Per bed houseroom | 0.86 |
Average Household Size | 3.00 |
Average Age | 39.43 |
Average Income | $672.57 |
Average Cars Per Dwelling | 2.57 |
Average Properties Within 50M | 2 |
Typical 1 bed house | $84,000 |
Typical 2 bed house | |
Typical 3 bed house | $334,000 |
Typical 4 bed house | $335,000 |
Typical 5 bed house | $870,000 |
Housing Stock
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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.
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.
Instant Property Valuation404 Back River Road, Magra, TAS, 7140 | 4 | 4 | 10 | Expressions of Interest over $1.5 million | |
Unit 1, 263 Back River Road, Magra, TAS, 7140 | $220,000 | ||||
86 Black Hills Road, Magra, TAS, 7140 | 4 | 2 | 2 | Price Range $820,000 - $880,000 |
Fairview Primary School
St Brigid's Catholic School
New Norfolk Primary School
(While the above schools are located with the suburb of Magra there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.7 | 10.3 | 25.7 | 31.2 | 90.4 | 3.7 | 24.0 |
Feb | 1.1 | 9.9 | 24.5 | 37.1 | 93.0 | 3.6 | 20.8 |
Mar | 1.2 | 8.1 | 21.7 | 41.8 | 93.5 | 3.2 | 14.9 |
Apr | 1.6 | 6.2 | 18.4 | 47.8 | 94.8 | 2.9 | 9.4 |
May | 1.4 | 3.6 | 15 | 55.4 | 96.7 | 2.6 | 7.0 |
Jun | 1.6 | 1.9 | 12 | 64.7 | 98.2 | 2.2 | 5.4 |
Jul | 1.8 | 1.4 | 11.8 | 61.3 | 97.6 | 2.5 | 6.0 |
Aug | 1.7 | 1.9 | 14.0 | 51.2 | 96.0 | 2.9 | 8.9 |
Sept | 1.4 | 4.4 | 16.4 | 45.2 | 94.0 | 3.6 | 13.0 |
Oct | 1.4 | 5.4 | 18.8 | 41.6 | 93.8 | 3.5 | 18.2 |
Nov | 1.7 | 7.8 | 20.7 | 41.2 | 92.7 | 3.7 | 22.3 |
Dec | 1.5 | 9.1 | 22.7 | 37.5 | 90.7 | 3.8 | 24.7 |
source: Australian Government Bureau of Meteorology
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