Marino

MARINO, 5049 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling MARINO, 5049 values up and netting property investors a capital gain of 21.95% for the past year.

Investors saw the median home price rise to $908,500.

Profits due to an upward trend in home prices in the suburb averaged 8.37% per annum over a 3-year period.

MARINO now ranks at the 89th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MARINO are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MARINO, homes and units usually stay on listing for an average of 53.5 days.

In 2016, 44 properties were sold in MARINO during the past year, making it the 164th most active market in SA based on total real estate transactions.