Property investors who have had real estate in Marion, 5043 should be ok 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 7.18%
Taking the average capital gain, or increase in median house value, Marion,5043 has racked up an average of 7.18% over the period. This ranks it number 2186th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Marion is $500000, with sellers offering an average of -5.54% off the asking price.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.90%, without taking into account capital value appreciation, which has been averaging out at 4.66%.
Property value increases in Marion have tracked higher than the SA average of 3.52% over the last 12 months.
If we look at median property appreciation over just the last three months, Marion has given property investors a paper return of 3.05%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in SA
Sellers are offering property buyers an average discount of -5.77% to buyers in Marion at the moment, which is less than average for the rest of SA.