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Marong

Marong - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3515

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Property investors have seen a 9.04% gain in MARONG based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MARONG, 3515 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.73%.

Based on its average 5-year and quarterly capital gains MARONG, 3515 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $452,500

Profits averaged 5.72% per annum over a 3-year period, due to an upward trend in home prices in MARONG, 3515.

This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

The gross rental yield in MARONG, 3515 is 4.14%.

An average of 2.33 real estate transactions take place per month in MARONG which translates to 28 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $452,500 N/A
GROWTH REPORT
Median Quarterly 9.04% N/A
Median 12 month 11.73% N/A
Median 3 years 17.15% N/A
Median 5 years 24.4% N/A
10 years average annual 5.1% N/A
Weekly media advert. rent $360 N/A
Time on Market 30.4 days N/A
Gross Rental Yield Percent 4.14% N/A
demographics (median values)
Total Population
392
Weekly Household Income
789.1
Household Size
2.30
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