Suburb Profile Report for Marion SA (5043)

Marion House: Median price $462,000, Annual capital growth 4.19%, Number of sales 58, Weekly median advertised rent $363

Marion Unit: Median price $362,500, Annual capital growth 6.41%, Number of sales 11, Weekly median advertised rent $298

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

Source: CoreLogic

  • House Report
  • Unit Report

Marion has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.91% to date .

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

Sellers are offering property buyers an average discount of -8.72% to buyers in Marion at the moment, which is less than average for the rest of SA.

Residents and property investors in Marion have been waiting around 61.08 days to sell a property.

Marion is 240th on a list of best yielding suburbs for rents in SA with a 4.08% return

Property investors who have had real estate in Marion, 5043 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.69%

A 9.85% growth in median value for property investors in Marion,5043 puts this suburb at number 166th in terms of best performing suburbs in SA

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.11% offered to property buyers. Sellers in Marion itself are offering an average vendor discount of -5.32% to real estate investors.

With the median price for a house in Marion being $362500 and the advertised rent reaching $297.5 the gross rental yield for property investors calculates out to be 4.27%

HOUSE UNIT
$462,000 $362,500
-0.44% -14.71%
-1.91% 0.69%
4.19% 6.41%
$363 $298
58 11
4.08% 4.27%
61.08 75.14

Source: CoreLogic

DSR Score for property investment : 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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