Investment property in Marleston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.38%
Marleston,5033 was ranked 2376 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Marleston should be aiming for at least -5.64% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Marleston being $525000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.66%
Marleston is an average performer in SA when comparing median price capital growth over the last year. Marleston gave property investors a good capital gain figure when compared to the rest of the state, with 6.82%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marleston has increased when compared to the 5 year average annual rate.
At number 68th of SA’s most discounted properties, Marleston is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Marleston have been waiting around 101.85 days to sell a property.
Situated 3.60km from the CBD, Marleston is one of West Torrens localities in the postcode 5033.