Marong VIC 3515

Here you can find what you need to know about Marong, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$344k Median Sale Price (National Average $485k) 864th In VIC
-10.94% Median Price Change (1 yr) (National Average 4.30%) 2559th In VIC
$350pw Median Rent (National Average $395) 705th In VIC
5.3% Median Gross Yield (National Average 4.24%) 221st In VIC
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Properties sold 16
Average discounting -6.67%
Average Days on Market 87
Stock on Market 47 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Marong, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Marong, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Marong, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Marong


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
VIC 797 58%
ACT 60 56%
NSW 495 62%
NT 12 80%
QLD 116 31%
SA 112 48%
TAS 5 33%
WA 42 56%

Local Schools


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Suburb Information

Marong, VIC 3515

Part of: Greater Bendigo Council No data available

The size of Marong is approximately 76.1 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Marong in 2011 was 901 people. By 2016 the population was 1,438 showing a population growth of 59.6% in the area during that time. The predominant age group in Marong is 0-9 years. Households in Marong are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marong work in a trades occupation. In 2011, 83% of the homes in Marong were owner-occupied compared with 82.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Marong

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Marong   for Houses in last 12 months


There have been 13 Houses sold in Marong in the past 12 months with a median sale price of $365K, up -3.95% annually. It takes on average 51 days to sell with vendor discounting of -4.11%.

Streets in Marong


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