Investment property in Marion has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.38%
A 30.50% growth in median value for property investors in Marion,5043 puts this suburb at number 282th in terms of best performing suburbs in SA
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 3.84%
If you compare the increase in value of investment property in Marion, 5043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 13.71%.
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.
Advertised rents are around the $380 mark per week – giving a return of 4.67% based on the median price in Suburb