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 › Merrion St
$710,000
Last sold
12 Sept 2022
4
Bedrooms
2
Bathrooms
2
Car spaces
702 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
$710,000
12 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Marong (last 5 years) with land size have a median of $914/m² of land (n=119). 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.
Vs Marong
+4.8%
Median sale
Suburb $677,500
-0.17 pp
Gross yield
Suburb 3.69%
Suburb median $677,500 from 22 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 Property Plus Real EstateJust over 12 months old, this beautifully presented Wright Family home will impress you from the moment you walk through the front door. This home will appeal to many buyers with first home buyers potentially able to take advantage of over $40,000 in savings with the First Home Owner Grant and stamp duty exemptions (subject to being approved).
Oozing style and class, the layout delivers a formal lounge looking over the front garden. At the front of the home is the master bedroom comprising a walk-in robe and ensuite with a double vanity, double shower and floor to wall tiles. Moving towards the hub of the home, the kitchen is spacious with stone bench tops complimented with black subway tiling as a feature, large pantry directly accessing the garage and loads of character. The kitchen adjoins the dining area and a separate relaxing lounge area with a feature horizontal window allowing privacy and natural light.
The remaining three bedrooms are to the back of the home, all have built-in robes with the main bathroom and separate toilet nearby. The home has stylish feature lights plus practical low-voltage down lights throughout the high use areas. The laundry has made smart use of space with a three-door sliding cupboard and plenty of bench space.
Outside there is an undercover alfresco area just ready for the summer season, the back yard has side vehicle access through double gates and there is plenty of room for a shed or pool with the block having no easements and plenty of space.
Located in the Discovery Estate and only a short walk to Malone Park, the home is in the suburb of Marong which has a wonderful stress-free country feel with facilities available and growing. The most recent upgrades are at the local primary school, post office and hotel while traditional facilities available are the local pool, golf club and bowls club.
Listing description written by Nathan Diss, Property Plus Real Estate — reproduced as published, not verified by Districts.