Marion has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.41% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marion has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Marion, 5043. Typically our figures indicate that -6.13% is being offered, which puts this SA suburb at 1716th most discounted overall in Australia.
Marion is 242th on a list of best yielding suburbs for rents in SA with a 3.98% return
Marion is in the TOP 30% in SA when comparing median price capital growth over the last year. Marion gave property investors a good capital gain figure when compared to the rest of the state, with 10.66%.
Marion,5043 has offered an average of 10.66% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Marion are currently offering property investors an average price cut of -3.99% below the asking price at the moment.
At number 210 in a list of fastest selling suburbs, Marion is in the TOP 20% of suburbs in Australia with an average of days on market 46.68 for properties listed there.
With the median price for a house in Marion being $405000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 3.85%