Marong

POSTAL CODE: VIC, 3515
HOUSE

Property investors have seen a 3.05% gain in MARONG based on an increase in median home prices for the past three months.

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 $675,000

Profits averaged 2.33% 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 $530 based on current median home prices for the suburb.

The gross rental yield in MARONG, 3515 is 4.08%.

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

Surburb overview

Marong is a regional township in central Victoria, approximately 150 kilometres north-west of Melbourne’s CBD and about 14 kilometres west of Bendigo within the City of Greater Bendigo. Originally established during the Victorian gold rush, the township has grown into a residential and rural community while retaining strong connections to Bendigo and the surrounding agricultural district. Marong is situated on the traditional lands of the Dja Dja Wurrung people.

According to the 2021 Australian Bureau of Statistics Census, Marong had a population of 2,362 people with a median age of 39 years. Detached houses comprise the predominant housing type, with a mix of established neighbourhoods, newer residential estates and rural lifestyle properties. The township has experienced steady population growth, supported by its proximity to Bendigo and its appeal to families, professionals and retirees seeking a regional lifestyle.

Road access is provided via the Calder Highway, connecting Marong with Bendigo, Castlemaine, Melbourne and surrounding regional centres. Public transport includes regular bus services linking the township with Bendigo, while Bendigo Railway Station provides V/Line rail services to Melbourne and other regional destinations. Private vehicles remain the principal mode of transport, supported by the township's convenient access to major road networks.

Marong provides a range of essential services, including a supermarket, primary school, childcare facilities, medical services, cafés, sporting facilities and local retail businesses. Residents also benefit from convenient access to the extensive shopping, government services, hospitals, tertiary education providers and specialist healthcare available in nearby Bendigo, which serves as the principal regional centre for the district.

Marong offers a variety of recreational opportunities centred on its community facilities and surrounding natural environment. Residents and visitors have access to local parks, sporting reserves, walking and cycling paths, while nearby attractions include Bendigo Regional Park, Crusoe Reservoir and the Bendigo Heritage attractions. The township is also within easy reach of Bendigo's arts precinct, theatres, galleries, wineries, markets and festivals, providing a diverse range of cultural, sporting and outdoor activities throughout the year.

 

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