MARINO, 5049 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 $640,000.
Profits due to an upward trend in home prices in the suburb averaged 6.1% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $440 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 64.3 days.
In 2016, 39 properties were sold in MARINO during the past year, making it the 192nd most active market in SA based on total real estate transactions.
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