Suburb Profile Report for Marong VIC (3515)

Marong House: Median price $365,000, Annual capital growth 0.08%, Number of sales 13, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report

VIC has seen average median house prices change by 3.76% which means that Marong, 3515 has done well for property investors by showing a capital gain of -3.95% over the last year

Across a shorter period, Marong, 3515 has seen a median price increase of -0.82% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Marong is offering property investors an average of -5.61. This rate of discount on properties puts Suburb at number 463th in terms of most discounted suburbs in VIC

With the median price for a house in Marong being $365000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.99%

Metrics i HOUSE UNIT
$365,000 N/A
-0.82% N/A
-3.95% N/A
0.08% N/A
$350 N/A
13 N/A
4.99% N/A
50.66 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 901
Median household income ($/weekly) 1165
Median age of persons 40
Median housing loan repayment ($/monthly) 1497
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 117 13.0
    25-34 years 102 11.3
    35-44 years 125 13.9
    45-54 years 136 15.1
    55-64 years 137 15.2
    Others 283 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 379 57.8
    Not Married 210 32.0
    Defacto Relationship 67 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 795 94.9
    Italy 6 0.7
    New Zealand 4 0.5
    Papua New Guinea 9 1.1
    United Kingdom 12 1.4
    Others 12 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 561 68.1
    No Religion 248 30.1
    Buddhism 12 1.5
    Other Religious Groups 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 30 10.5
    $1,000-$1,249 30 10.5
    $1,250-$1,499 43 15.0
    $1,500-$1,999 37 12.9
    $2,000-$2,499 32 11.2
    Others 114 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 273 40.3
    Not in the labour force 211 31.2
    Employed, worked part-time 145 21.4
    Employed, away from work 26 3.8
    Unemployed, looking for work 22 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 66 14.9
    Professionals 69 15.5
    Technicians & trades workers 75 16.9
    Clerical & administrative workers 57 12.8
    Labourers 50 11.3
    Others 127 28.6
    Occupation
    Census Count Percent(%)
    Pre-school 18 8.9
    Infants/Primary 73 36.0
    Secondary 69 34.0
    Technical or Further Educational Institution 24 11.8
    University or other Tertiary Institutions 16 7.9
    Others 3 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 811 96.0
    Caravan, cabin, houseboat 34 4.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 141 45.8
    Fully owned 118 38.3
    Rented 49 15.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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