Marion is a smaller suburb in South Australia within the Marion local government area (postcode 5043). With a population of 4,101, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Marion is $1.1 million, having grown strongly 8.8% over the past year. The current median weekly rent is $625. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,712.
Marion is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1087, which is above the national average of 1,000. Public transport access includes 1 rail station, 21 bus stops. The crime rate in the Marion LGA is moderate at 6,950 incidents per 100,000 population.
From an investment perspective, Marion offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +8.8% year-on-year.
Marion is a smaller suburb in South Australia within the Marion local government area (postcode 5043). With a population of 4,101, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Marion is $1.1 million, having grown strongly 8.8% over the past year. The current median weekly rent is $625. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,712.
Marion is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1087, which is above the national average of 1,000. Public transport access includes 1 rail station, 21 bus stops. The crime rate in the Marion LGA is moderate at 6,950 incidents per 100,000 population.
From an investment perspective, Marion offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +8.8% year-on-year.