Marong (postcode 3515) is a smaller suburb in Victoria within the Greater Bendigo local government area. With a population of 2,005, the suburb has a predominantly early-career demographic with a median age of 31. Households earn a median income of $103K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Marong stand at $650,000, having moved higher by 4% over the last twelve months. The current median weekly rent is $493. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,560.
Marong is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
On the investment side, Marong shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices are near the state median ($650K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved +4.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.