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.