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Marengo, VIC 3233
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,000,000
list-price estimate
Median Unit
$610,000
Gross Yield (houses)
3.1%
1yr Growth (houses)
+4.1%
market range +0.0% to +12.5%
Investment snapshot for Marengo
Marengo has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Marengo market and investor summary
In Marengo, VIC 3233, houses show a gross rental yield of 3.1%. House prices have moved +4.1% over the past year and -13.1% over three years. At 2.0% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 2.0% and a resident base that is not shrinking. Houses also take time to sell, around 97 days on market, so plan for a slower exit if you ever need one.
Living in Marengo: people, income and schools
Marengo has a resident population of roughly 272, a number that has held fairly steady over five years. The median age is 59, an older, established demographic, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $67,000 a year, or roughly $1,290 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 49% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Getting around leans on public transport or a car; the suburb scores 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 272
- +2% over 5yr
- Median age
- 59 years
- Median household income
- $67,000/yr
- Households renting
- 13%
- Family households
- 63%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1027
- Unemployment
- 1.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Marengo
No properties currently listed in Marengo
Search Marengo listings →Frequently asked questions about Marengo
What should I check before investing in Marengo?
Marengo has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +4.1% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Marengo?
The median property price in Marengo, VIC 3233 is $610K for units.
What rental yield does Marengo show?
The gross rental yield in Marengo is 3.1% for houses and 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Marengo?
House prices in Marengo are up 4.1% over the past year and down 13.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Marengo?
The current vacancy rate in Marengo is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Marengo?
Marengo has a population of approximately 272 residents, with a median age of 59.
What schools are near Marengo?
There are 1 school within roughly 5km of Marengo. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Marengo's population growing?
The population of Marengo has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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