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Marong vs Toongabbie

Property investment comparison - Marong, VIC 3515 vs Toongabbie, VIC 3856

Head-to-head across core investment metrics: Marong wins 4, Toongabbie wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricMarongToongabbie
Median house price$685K$685K
Median unit price$365K$560K
Gross rental yield (houses)4.17%4.23%
Gross rental yield (units)8.73%3.68%
1-year house growth+10.6%+7.3%estimate
3-year house growth+9.8%-
Vacancy rate1.1%5.9%
Population2,0051,085

Marong vs Toongabbie: what the numbers say

Houses cost about the same in both suburbs: the median house price is $685K in Marong and $685K in Toongabbie.

For units, Marong sits at a median of $365K against $560K in Toongabbie, which makes Marong the more affordable unit market and Toongabbie the pricier one.

On cash flow, Toongabbie leads: houses there return a gross rental yield of 4.23%, compared with 4.17% in Marong, a gap of 0.06 percentage points.

Over the past year house prices moved +10.6% in Marong and +7.3% in Toongabbie (an estimate), so recent momentum favours Marong, although both suburbs recorded growth.

Rental vacancy is 1.1% in Marong and 5.9% in Toongabbie, so landlords in Marong face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Marong is the bigger suburb, with a population of 2,005 against 1,085, larger than Toongabbie; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Toongabbie for rental income, Marong for recent price momentum, Marong for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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