Lake Margaret is a serene locality in Tasmania, known for its picturesque surroundings and close-knit community. Nestled among lush forests and panoramic views, Lake Margaret offers a peaceful lifestyle ideal for nature lovers and those seeking a tranquil living environment. This article explores the best residential areas in Lake Margaret, providing insights into their characteristics, housing options, average prices, and lifestyle benefits.
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Lake Glenus

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Lake Glenus is a stunning suburb known for its beautiful lake views and abundant recreational activities. Residents can enjoy fishing, kayaking, and walking trails, making it ideal for outdoor enthusiasts.
Characteristics of the Lake Glenus
* Culture: Strong community spirit with a focus on outdoor activities.
* Transportation: Public transport is limited; owning a car is advisable.
* Services: Local shops, cafes, and parks are within reach.
* Environment: Peaceful, surrounded by nature.
Housing Options in the Lake Glenus
Single-family homes, Townhouses
Average Home Prices in the Lake Glenus
* Buying: $350,000 – $550,000
* Renting: $1,200 – $1,800/month
Margaret River

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The Margaret River suburb combines a relaxed lifestyle with a vibrant community. Known for its wineries and craft breweries, this area attracts both families and retirees.
Characteristics of the Margaret River
* Culture: Culinary and cultural events throughout the year.
* Transportation: Good transport links to Hobart, primarily by car.
* Services: Excellent schools, supermarkets, and healthcare facilities.
* Environment: Lively but maintains a small-town feel.
Housing Options in the Margaret River
Modern homes, Units
Average Home Prices in the Margaret River
* Buying: $400,000 – $600,000
* Renting: $1,300 – $2,000/month
Wellington Park

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Wellington Park is highly regarded for its family-friendly environment and access to top-tier schools. The suburb is set against a backdrop of mountain views and offers numerous parks and playgrounds.
Characteristics of the Wellington Park
* Culture: Family-oriented with a strong sense of community.
* Transportation: Regular public transport services to nearby towns.
* Services: Primary schools, recreational centres, and local shopping.
* Environment: Friendly and welcoming.
Housing Options in the Wellington Park
Detached houses, Duplexes
Average Home Prices in the Wellington Park
* Buying: $450,000 – $700,000
* Renting: $1,500 – $2,300/month
Mount Field National Park

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This suburb is perfect for nature lovers seeking a rustic lifestyle. Located near Mount Field National Park, residents will find hiking trails and breathtaking scenery.
Characteristics of the Mount Field National Park
* Culture: Outdoor adventure and ecological awareness are embraced.
* Transportation: Car is essential due to limited local services.
* Services: Minimal; self-sufficient living encouraged.
* Environment: Remote and natural.
Housing Options in the Mount Field National Park
Cabins, Eco-friendly homes
Average Home Prices in the Mount Field National Park
* Buying: $300,000 – $500,000
* Renting: $1,000 – $1,500/month
Lonsdale Heights

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Lonsdale Heights offers a peaceful suburban feel with proximity to local amenities. A great option for first-home buyers looking for affordable housing.
Characteristics of the Lonsdale Heights
* Culture: More affordable housing options attract a mix of residents.
* Transportation: Easily accessible by public transport and main roads.
* Services: Basic shopping centres and recreational parks available.
* Environment: Quiet and suburban.
Housing Options in the Lonsdale Heights
Units, Flats
Average Home Prices in the Lonsdale Heights
* Buying: $250,000 – $400,000
* Renting: $900 – $1,400/month
North Lake Margaret

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North Lake Margaret provides a picturesque environment along with community-oriented living. It's highly regarded for its stunning lakefront views and tranquil atmosphere.
Characteristics of the North Lake Margaret
* Culture: Strong lakefront community with events and activities.
* Transportation: Adequate public transport options are available.
* Services: Local markets, health services, and schools nearby.
* Environment: Relaxed and scenic.
Housing Options in the North Lake Margaret
Luxury homes, Townhouses
Average Home Prices in the North Lake Margaret
* Buying: $500,000 – $800,000
* Renting: $1,600 – $2,500/month
Frequently Asked Questions About the Best Residential Areas in Lake Margaret:
The best residential areas include Lake Glenus, Margaret River, Wellington Park, Mount Field National Park, Lonsdale Heights, and North Lake Margaret.
Wellington Park is highly recommended for families due to its schools and recreational amenities.
Lonsdale Heights typically provides the most affordable housing options in Lake Margaret.
Margaret River offers a variety of amenities, including shops, schools, and healthcare facilities.
Public transport is available but limited; owning a car is advisable for more convenient travel.
All suburbs in Lake Margaret have rental properties available, though pricing varies depending on the area.
Mount Field National Park offers stunning natural landscapes and plenty of outdoor activities.
Median house prices vary significantly by suburb, with North Lake Margaret being the most expensive.
Yes, Lake Margaret residents enjoy a strong sense of community with various social events and activities.
Most common housing options include single-family homes, townhouses, and units.
Conclusion on the Best Residential Areas in Lake Margaret:
Lake Margaret, Tasmania, presents a variety of residential areas catering to different preferences and budgets. From the scenic views in North Lake Margaret to the family-friendly environment of Wellington Park, there is something for everyone. Whether you are looking for a serene location close to nature or a lively community atmosphere, Lake Margaret provides an excellent quality of life. As you consider your options, keep in mind your lifestyle needs, proximity to amenities, and budget to make an informed choice. The unique charm of Lake Margaret awaits you.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.