Suburb Profile Report for Marino SA (5049)

Marino House: Median price $706,000, Annual capital growth 5.99%, Number of sales 32, Weekly median advertised rent $480

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in Marino have tracked higher than the SA average of 2.25% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marino has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Marino are currently offering property investors an average price cut of -7.90% below the asking price at the moment.

In the last year 32 properties changed hands in Marino, which puts it as the 263th most active market in SA when comparing the number of sales per suburb.

YIP MAG Information supplied by:

YIP MAG
July 2016

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Around 18km south of Adelaide and on the eastern shore of Gulf St Vincent, the suburb of Marino is moving along nicely.

While growth has been flat in recent years, there are some signs that things are beginning to pick up, with the median house price drawing closer to $650,000, having increased 19% in the past 12 months.

Over the past three years, prices have grown 22%, and owners in Marino will be hoping to see that continue, with rental yields currently on the low side in the suburb, at just 3%.

Marino is a suburb that would likely suit somebody looking for somewhat of sea change.

Seacliff Beach is just a short stroll away, while commuters can be in the centre of Adelaide in around half an hour either by car or train.

Properties on Spinks Road and Jervois Terrace may be ones to avoid due to their proximity to quarrying and concrete operations.
Metrics i HOUSE UNIT
$706,000 N/A
5.00% N/A
13.43% N/A
5.99% N/A
$480 N/A
32 N/A
3.40% N/A
105.5 N/A

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2001
Median household income ($/weekly) 1522
Median age of persons 45
Median housing loan repayment ($/monthly) 1753
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 205 10.2
    35-44 years 268 13.4
    45-54 years 333 16.6
    55-64 years 342 17.1
    65-74 years 210 10.5
    Others 644 32.2
    Age Group
    Census Count Percent(%)
    Registered Married 808 52.3
    Not Married 571 37.0
    Defacto Relationship 165 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1411 72.7
    Greece 20 1.0
    Papua New Guinea 36 1.9
    United Kingdom 272 14.0
    Other 45 2.3
    Others 157 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 16 0.9
    Christianity 1120 61.8
    Islam 6 0.3
    Judaism 8 0.4
    No Religion 659 36.4
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 61 8.9
    $800-$999 59 8.6
    $1,500-$1,999 100 14.5
    $2,000-$2,499 75 10.9
    $2,500-$2,999 64 9.3
    Others 329 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 644 38.8
    Not in the labour force 508 30.6
    Employed, worked part-time 392 23.6
    Employed, away from work 66 4.0
    Unemployed, looking for work 51 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 12.7
    Professionals 322 29.2
    Technicians & trades workers 137 12.4
    Clerical & administrative workers 176 16.0
    Sales 114 10.3
    Others 213 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 5.3
    Infants/Primary 163 37.4
    Secondary 86 19.7
    Technical or Further Educational Institution 43 9.9
    University or other Tertiary Institutions 106 24.3
    Others 15 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1833 98.8
    Flat, unit or apartment 16 0.9
    Semi-detached, row or terrace house, townhouse 7 0.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 335 44.9
    Being purchased 285 38.2
    Rented 123 16.5
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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