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Marong
AREA REPORTS

Marong

Marong - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3515

house

Property investors have seen a 2.28% 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 21.34%.

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 $560,000

Profits averaged 17.39% per annum over a 3-year period, due to an upward trend in home prices in MARONG, 3515.

The gross rental yield in MARONG, 3515 is 0%.

An average of 2.25 real estate transactions take place per month in MARONG which translates to 27 per annum.

Data report can be found below

Marong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $560,000 N/A
GROWTH REPORT
Median Quarterly 2.28% N/A
Median 12 month 21.34% N/A
Median 3 years 52.17% N/A
Median 5 years N/A N/A
10 years average annual 9.05% N/A
Weekly media advert. rent N/A N/A
Time on Market 31.5 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1944
Weekly Household Income
1468
Household Size
2.80
Age
33
Monthly Loan Repayment
1600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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