SA/
Marion

Suburb Profile

Marion - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5043

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $510,000.

The upward trend in home prices in MARION, 5043 averaged 3.23% per annum over a 3-year period.

Average weekly rents on listings have reached the $395 mark, reflecting a 4.03% increase in returns based on the current median price in MARION.

An average of 5.67 real estate transactions take place per month in MARION which translates to 68 per annum.

68 properties were sold in MARION in 2016, making it the 63rd most active market in SA based on total real estate transactions.

MARION, 5043 places 242nd in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $510,000 $429,000
GROWTH REPORT
Median Quarterly -0.1% 1.42%
Median 12 month 0.59% 2.88%
Median 3 years 9.68% 18.34%
Median 5 years 27.5% 10%
10 years average annual 3.5% 4.82%
Weekly media advert. rent $395 $350
Time on Market 40.1 days 113.3 days
Gross Rental Yield Percent 4.03% 4.24%
demographics (median values)
Total Population
3628
Weekly Household Income
768.9
Household Size
2.20
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Marion, SA
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