Marong is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3515). With a population of 2,005, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $103K per year, with an average household size of 3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Marong is $650,000, having increased 4% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Marong offers a gross rental yield of 3.5%, 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.
Marong is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3515). With a population of 2,005, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $103K per year, with an average household size of 3 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Marong is $650,000, having increased 4% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Marong offers a gross rental yield of 3.5%, 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.