Suburb Profile Report for Marion SA (5043)

Marion House: Median price $480,000, Annual capital growth 4.51%, Number of sales 60, Weekly median advertised rent $378

Marion Unit: Median price $393,000, Annual capital growth 6.21%, Number of sales 19, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Marion has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.56% to date .

Across a shorter period, Marion, 5043 has seen a median price increase of 3.90% over the last quarter.

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 -6.41% is being offered, which puts this SA suburb at 1620th most discounted overall in Australia.

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

Marion, 5043 ranked 80th in SA when comparing growth in median property values or capital gain over the last 12 months. Marion is one of 853 in our list for SA

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.

Vendor discounting in Marion is giving property investors an average Vendor Discount of around -3.42%. This puts suburb at number 159th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

HOUSE UNIT
$480,000 $393,000
3.90% 8.41%
2.56% 4.52%
4.51% 6.21%
$378 $295
60 19
4.09% 3.90%
75.12 49.85

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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