Suburb Profile Report for Marong VIC (3515)

Marong House: Median price $420,000, Annual capital growth 3.71%, Number of sales 19, Weekly median advertised rent $383

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in Marong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.30%

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Marong itself are offering an average vendor discount of -4.82% to real estate investors.

Often selling an investment property can take time, and in Marong the average time real estate has been on the market is 73.2 days.

The VIC suburb of Marong, 3515 is in the Greater Bendigo (C) local government area.

Metrics i HOUSE UNIT
$420,000 N/A
0.00% N/A
12.30% N/A
3.71% N/A
$383 N/A
19 N/A
4.74% N/A
73.2 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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