All About Prevelly, Augusta Margaret River, WA, 6285

Prevelly, located in the picturesque region of Augusta Margaret River in Western Australia, boasts a unique housing market characterized by its coastal charm and laid-back lifestyle. This small, scenic community, nestled by the Indian Ocean, offers a mix of properties ranging from charming beachside cottages to modern, architect-designed homes with sweeping ocean views. Due to its desirable location and growing popularity, property values have seen a steady increase. The area's natural beauty, combined with its distance from bustling city centers, attracts both retirees seeking tranquility and younger families seeking a lifestyle change. The local real estate market tends to fluctuate seasonally, with heightened interest during peak holiday seasons, reflecting Prevelly's appeal as both a permanent residence and a vacation destination.

Living in Prevelly feels like a continuous retreat into nature. Residents enjoy access to world-class surf breaks, pristine beaches, and the stunning Cape to Cape walking track. The community exudes a friendly, relaxed vibe, where locals greet each other at the well-loved general store or while strolling the beach. The nearby town of Margaret River offers an array of amenities, including boutique shops, cafes, and a vibrant arts scene, which complements the more laid-back, natural setting of Prevelly. Additionally, residents have access to some of the best wineries and gourmet produce in Australia, making it a haven for food and wine enthusiasts. Overall, Prevelly offers a peaceful lifestyle with plenty of opportunities for outdoor activities and community engagement, making it an ideal spot for those looking to escape the hustle and bustle yet still enjoy a rich, fulfilling community life.

Prevelly Real Estate Market Outlook

Thinking about buying in Prevelly? Now could not be a better time, with just 180 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,225,000 with prices in this suburb ranging from $603,000 to $1,688,000. Prevelly is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Prevelly are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Prevelly leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Prevelly 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 Valuation

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General Points of Interest

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