Suburb Profile Report for Marion SA (5043)

Marion House: Median price $451,000, Annual capital growth 4.01%, Number of sales 60, Weekly median advertised rent $370

Marion Unit: Median price $341,500, Annual capital growth 6.05%, Number of sales 10, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 3319th in the list of Australian suburbs ordered by increase in median house value over the last year, Marion, 5043 is in the BOTTOM 20% with a property value increase of -3.63% recorded in median house prices.

Comparing Marion,5043 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Marion should be aiming for at least -8.55% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $370 mark per week – giving a return of 4.27% based on the median price in Suburb

If you compare the increase in value of investment property in Marion, 5043 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.14%.

Taking the average capital gain, or increase in median house value, Marion,5043 has racked up an average of -5.14% over the period. This ranks it number 1269th in the whole country for real estate investors looking at median house price increases.

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 -5.42% is being offered, which puts this SA suburb at 603th most discounted overall in Australia.

The SA suburb of Marion, 5043 is in the Marion local government area.

HOUSE UNIT
$451,000 $341,500
-3.01% -4.21%
-3.63% -5.14%
4.01% 6.05%
$370 $300
60 10
4.27% 4.57%
54.3 79.33

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3760
Median household income ($/weekly) 919
Median age of persons 47
Median housing loan repayment ($/monthly) 1500
Average household size 2.2
  • Census Count Percent(%)
    35-44 years 417 11.1
    45-54 years 425 11.3
    55-64 years 432 11.5
    65-74 years 442 11.8
    75-84 years 417 11.1
    Others 1627 43.3
    Age Group
    Census Count Percent(%)
    Registered Married 1471 51.7
    Not Married 1208 42.4
    Defacto Relationship 168 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2656 73.9
    Croatia 69 1.9
    Indonesia 51 1.4
    United Kingdom 301 8.4
    Other 134 3.7
    Others 381 10.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.8
    Christianity 2216 66.6
    Islam 49 1.5
    Other Religious Groups 27 0.8
    No Religion 939 28.2
    Others 35 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 10.7
    $400-$599 196 14.0
    $600-$799 173 12.3
    $800-$999 148 10.6
    $1,500-$1,999 152 10.8
    Others 583 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1569 50.2
    Employed, worked full-time 882 28.2
    Employed, worked part-time 507 16.2
    Unemployed, looking for work 90 2.9
    Employed, away from work 75 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 367 25.1
    Technicians & trades workers 187 12.8
    Community & personal service workers 158 10.8
    Clerical & administrative workers 251 17.2
    Labourers 149 10.2
    Others 350 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 41 5.2
    Infants/Primary 261 32.8
    Secondary 229 28.8
    Technical or Further Educational Institution 67 8.4
    University or other Tertiary Institutions 184 23.1
    Others 13 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2635 78.0
    Semi-detached, row or terrace house, townhouse 564 16.7
    Flat, unit or apartment 176 5.2
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 637 42.8
    Being purchased 406 27.3
    Rented 355 23.8
    Other tenure type 91 6.1
    Tenure Type
Census 2011, ABS
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