City of Marion, South-west Adelaide, SA
Economic activity in the Tonsley Innovation District, the site of the former Mitsubishi Motors assembly plant, is gathering momentum.
Following a $1 billion injection, it is now home to 30 innovative research, technology and science start-ups, established businesses, institutions and a new teaching hospital and university campus with 6,500 students.
The announcement by Flinders University that it plans to build a $1.5 billion Flinders Village comprised of educational facilities, hotel and student accommodation will boost Marion’s prospects even further.
The creation of jobs is driving the demand for property, making the City of Marion a strong leader in the Adelaide market, which we regard as the most under-rated in capital city Australia.
Major transport projects are improving the connectivity between freight hubs and sea ports, creating further opportunities for business.
The City of Marion offers affordable properties, with many of its markets being priced in the $400,000s, as well as low vacancies.
A number of suburbs have shown good growth in median prices in the past year, with more expected in the near future. Long-term capital growth rates have been solid and yields are inching upwards.
This report includes the suburbs of Clovelly Park, Dover Gardens, Edwardstown, Glengowrie, Hallett Cove, Marion, Mitchell Park, O’Halloran Hill, Plympton , Sheidow Park, South Plympton, Sturt, Trott Park, Warradale, Ascot Park, Morphettville, Oaklands Park, and Seacombe Gardens.
Marion was Hotspot of the Week on 8th October 2019