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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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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|