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Marayong Suburb Insights

VIC
Location Information

Suburb Name

Marayong, VIC

Distance from CBD

11.6 km
Demographics

Population

7,706

Median Income

$30,992

Area Information

Area

2.72 km²

Population Density

2833 people/km²

Property Market

Median Price

$936,999

Annual Growth

+5.4%
Property Price Trend Analysis

Current Median Price

$936,999

Annual Growth

+5.4%

Quarterly Growth

+3.1%

Price Trends - Last 6 Months

2024-01

$874,281

+6.1%
2024-02

$916,191

+4.4%
2024-03

$914,128

+13.1%
2024-04

$407,849

+9.2%
2024-05

$493,436

+8.3%
2024-06

$919,779

+12.2%
Property Type Price Analysis
House

Median Price

$1,258,526

Growth Rate

+8.3%

Available Listings

344 properties

Apartment

Median Price

$404,440

Growth Rate

+15.9%

Available Listings

429 properties

Townhouse

Median Price

$927,466

Growth Rate

+7%

Available Listings

52 properties

Investment Potential Assessment
Investment Advantages
  • Strong quarterly growth momentum
  • Diverse property types available
Considerations
  • Rising prices may affect affordability
  • Monitor interest rate changes
  • Consider long-term investment strategy