All About Marion, SA, 5043

Marion, located in South Australia, is an area that has experienced steady growth in its housing market in recent years. Known for its suburban charm and convenient proximity to Adelaide, Marion attracts a diverse range of buyers, including families, professionals, and retirees. The housing market in Marion reflects this diversity with a mix of property types, from modern apartments to traditional family homes. Prices have generally continued to rise, consistent with broader trends in South Australia's real estate markets, largely driven by demand surpassing supply. The area benefits from its excellent amenities, including shopping options like the Westfield Marion, reputable schools, and efficient public transport links, driving interest and maintaining robust property values. Prospective buyers and investors find Marion appealing due to these factors, coupled with its potential for capital growth.

Living in Marion brings a balance of suburban tranquility and urban convenience. Residents enjoy access to a wide array of recreational activities, including nearby parks, walking trails, and beaches that are just a short drive away. The community is friendly and diverse, fostering a welcoming environment for newcomers. The area places a strong emphasis on family and community events, which are often held in local parks and community centers, enhancing the sense of connectedness among residents. Marion's location allows for an easy commute to Adelaide's city center, making it ideal for those working in the city but preferring a quieter residential setting. Overall, Marion offers a high quality of life with its blend of natural beauty, community spirit, and modern conveniences.

Marion Real Estate Market Outlook

Thinking about buying in Marion? Now could not be a better time, with 2529 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $710,000 with prices in this suburb ranging from $219,000 to $3,271,000. Marion is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Marion due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Marion classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Marion requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!