SA has seen average median house prices change by 3.04% which means that Marden, 5070 has done well for property investors by showing a capital gain of 13.04% over the last year
The five-year average increase in median property values for Marden,5070 has given property investors a potential capital gain of 14.04% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Marden is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 373th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Marden the average time real estate has been on the market is 50.15 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 6.06%.
Marden, 5070 ranked 108th in SA when comparing growth in median property values or capital gain over the last 12 months. Marden is one of 853 in our list for SA
Taking the average capital gain, or increase in median house value, Marden,5070 has racked up an average of 0.00% over the period. This ranks it number 1284th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Marden are currently offering property investors an average price cut of -6.52% below the asking price at the moment.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.