City of Marion, South-west Adelaide, SA
The City of Marion continues to be a strong leader in the Adelaide market, which we regard as the most under-rated in capital city Australia.
Marion has proven to be resilient, buffered by its strong infrastructure (including major education, medical and high-tech precincts) and more recently, fuelled by the number of suburbs where buyer demand is growing.
The City of Marion is a fine example of an area that has overcome adversity. Impacted by the demise of the car manufacturing industry, the LGA has forged on, reinventing itself as a major player in the industries of health, education and innovative technology.
Around $2 billion in both private and government investment is being spent on the redevelopment of the Tonsley precinct, leading to new enterprises and jobs creation on the site of a former car manufacturing plant. A new teaching hospital and a university campus are already in operation.
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 $300,000s and $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.
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.