Investment property in Marden has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.35%
Across a shorter period, Marden, 5070 has seen a median price increase of 6.75% over the last quarter.
Marden5070 is located in SA which offers an average discount of -6.54% to property investors. Marden itself is showing figures that indicate -8.30% is the average achievable by property buyers investing in the suburb.
At number 1284 in a list of fastest selling suburbs, Marden is in the TOP 40% of suburbs in Australia with an average of days on market 66.4 for properties listed there.
Marden is in the bottom 40% in SA when comparing median price capital growth over the last year. Marden gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.19%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marden has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Marden should be aiming for at least -8.10% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $280 mark per week – giving a return of 4.29% based on the median price in Suburb