Over the last year, property investments in Marong, 3515 have given investors a capital gain of 7.82%. This compares very favourably with the -1.69% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Marong has increased when compared to the 5 year average annual rate.
At number 448th of VIC’s most discounted properties, Marong is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 2303 in a list of fastest selling suburbs, Marong is in the bottom 40% of suburbs in Australia with an average of days on market 85 for properties listed there.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 4.28%, investors should hope to achieve an overall return of 4.98%