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Marion
AREA REPORTS

Marion

Marion - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5043

house
unit

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 $573,000.

The upward trend in home prices in MARION, 5043 averaged 4.04% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 3.99% increase in returns based on the current median price in MARION.

An average of 6.83 real estate transactions take place per month in MARION which translates to 82 per annum.

82 properties were sold in MARION in 2016, making it the 34th most active market in SA based on total real estate transactions.

MARION, 5043 places 259th in Australia based on median property value growth during the quarter.

Data report can be found below

Marion
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $573,000 $380,000
GROWTH REPORT
Median Quarterly 3.24% -12.64%
Median 12 month 10.72% 13.43%
Median 3 years 12.13% 16.48%
Median 5 years 23.47% N/A
10 years average annual 2.81% 13.43%
Weekly media advert. rent $440 $280
Time on Market 53.8 days 0.0 days
Gross Rental Yield Percent 3.99% 3.83%
demographics (median values)*
Total Population
18780
Weekly Household Income
1016
Household Size
2.20
Age
39
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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