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Marlo, VIC 3888

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Marlo, VIC 3888 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Marlo, VIC 3888”

  1. The total adult population (15 years or older) of Marlo 3888 VIC is 530, with a median age of 56. Of those, 56.98% are married, 12.83% are divorced or separated, 26.23% are single and 3.02% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,872. The median monthly mortgage repayment for households in this suburb is $1,517 which is 22.08% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in VIC, the suburb of MARLO 3888 is home to approximately 600 households. As we delve into the property market statistics for Q3 of 2023, typical prices for houses within this area stand at $584,722. The median weekly rent is priced at $427, contributing to an indicative yield of 3.8%, which sits comfortably above the minimum market requirement of 3% for those oriented towards cashflow investments.

    The suburb holds a favourable IRSAD score of 992 out of 1217, positioning it on the upper end of socio-economic resources, income levels and professional skills. Coupled with a low renter to owner ratio of 17%, the area presents less competition among investors and a more appealing neighbourhood vibe. This is further backed by the units to houses ratio – a mere 4%, suggesting less competition among landlords for tenants, potentially leading to higher rental yields.

    However, the affordability index stands at 33 years, indicating a decreased level of affordability for prospective homeowners within the vicinity. The stock on market Percentage for houses falls favourably at 0.33%, indicating a low supply, while the inventory level resides at 3.43 months, creating a balanced rental market. Furthermore, building approvals Ratio registers at 0.0%, pointing towards a lower supply of dwellings which could sustain decent rent rates.

    Nonetheless, the average number of days houses remain active on the market is 113, indicating lower demand within the area. Yet, the combined vacancy rate for both houses and units sits at a favourable 0.97%, suggesting a higher demand due to limited supply. Meanwhile, the buy search index for houses sits at 3, placing it within the neutral spectrum of demand.

    All in all, while some metrics reside in unfavourable ranges, a majority point towards a decent investment opportunity in this area, more so for investors seeking long term revenue from rental income due to the favourable yield. As always, staying updated on these market trends will help secure the best real estate investment decisions, or consider using HtAG Analytics’ RCS to gain valuable insights based on comprehensive metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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