Suburb Profile Report for Marion SA (5043)

Marion House: Median price $489,500, Annual capital growth 4.66%, Number of sales 54, Weekly median advertised rent $375

Marion Unit: Median price $405,000, Annual capital growth 6.68%, Number of sales 21, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Marion has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.41% to date .

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.

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 -6.13% is being offered, which puts this SA suburb at 1716th most discounted overall in Australia.

Marion is 242th on a list of best yielding suburbs for rents in SA with a 3.98% return

Marion is in the TOP 30% in SA when comparing median price capital growth over the last year. Marion gave property investors a good capital gain figure when compared to the rest of the state, with 10.66%.

Marion,5043 has offered an average of 10.66% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Marion are currently offering property investors an average price cut of -3.99% below the asking price at the moment.

At number 210 in a list of fastest selling suburbs, Marion is in the TOP 20% of suburbs in Australia with an average of days on market 46.68 for properties listed there.

With the median price for a house in Marion being $405000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 3.85%

Metrics i HOUSE UNIT
$489,500 $405,000
1.98% 3.05%
6.41% 10.66%
4.66% 6.68%
$375 $300
54 21
3.98% 3.85%
77.62 46.68

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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