Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
VIC › Marong › Calder Hwy
3
Bedrooms
1
Bathrooms
2
Car spaces
63,130.96 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded Rural Property sales in Marong (last 5 years) with land size have a median of $8/m² of land (n=4). Districts calculation from recorded sales — not a valuation.
Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $481/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Marong at a glance
2,165
People
$677,500
Median sale
$481/wk
Median rent
3.69%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by DCK Real EstateEXPRESSIONS OF INTEREST closing 15/09/2022 at 12pm.
Superbly located in the thriving Greater Bendigo region and close to amenities and only 13kms to Bendigo CBD proper is this outstanding strategic investment opportunity – 6.307ha of land with existing farmhouse on the fringe of Marong Township. Superbly positioned in a high-growth regional corridor, the property lends itself to a land-bank investment with the site identified in the Marong Township Structure Plan earmarked for future residential rezoning. With most of the land in the area already secured by developers, this property is offered for public sale for the first time in over 50 years is a rare find.
The property itself features a 3-bedroom farmhouse and sundry shedding which with some cosmetic updates could provide rental income for the successful buyer. The land is relatively flat pastural country with 2 dams and adjoins other small acreage properties.
Enquire now to receive a property memorandum.
ABOUT THE REGION:
Bendigo is situated in the geographic heart of Victoria, approximately 150kms northwest of Melbourne's CBD. Bendigo is at the junction of four highways (with excellent connections to interstate highways) and only a 90-minute drive from Tullamarine Airport.
Bendigo has become one of the fastest-growing regional centres in Victoria with resident population forecast to grow by 28.22% to 155,596 by 2041.
Bendigo is experiencing a surge in demand due to the lifestyle it offers its residents, and the affordable entry level into property ownership.
Residential property sales have been particularly strong during the past 12 months, with investors, both local and beyond, showing their confidence in our affordable, low risk market. Land-bank opportunities have been in high demand as the region is expected to see significant migration in years to come.
Marong, once a small country farming town has in recent years seen a significant increase in population off the back off investment and development in new home residential estates attracting first home buyers, families and retirees alike. Many residents commute to Bendigo for employment while others chose Marong as a place to live due to its easy-care country lifestyle combined with ease of access to nearby world-class amenities. Likewise, metro Melbourne is only 150kms along the Calder Freeway and accessible via the nearby Bendigo bypass.
Listing description written by Marc Cox, DCK Real Estate — reproduced as published, not verified by Districts.