Over the last year, property investments in Marion, 5043 have given investors a capital gain of 17.52%. This compares very favourably with the 3.87% for SA as a whole.
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.
The most recent median price for Marion is $530000, with sellers offering an average of -4.19% off the asking price.
Situated 9.44km from the CBD, Marion is one of Marion localities in the postcode 5043.
If you compare the increase in value of investment property in Marion, 5043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 29.43%.
Across a shorter period, Marion, 5043 has seen a median price increase of 6.00% over the last quarter.
Vendor discounting in Marion is giving property investors an average Vendor Discount of around -4.91%. This puts suburb at number 126th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Marion the average time real estate has been on the market is 40.22 days.
Marion is 129th on a list of best yielding suburbs for rents in SA with a 4.35% return