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Marengo
VIC, 3233 - Colac Otway

Thinking about buying in Marengo? Now could not be a better time, with just 465 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,096,000 with prices in this suburb ranging from $243,000 to $4,156,000. Marengo is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Household Makeup

Median Weekly Rent $
Median Monthly Mortgage $
Median Persons Per Bedroom
Average Household Size
Average Age
Average Income $
Average Cars Per Dwelling
Average Properties Within 50M

Housing Stock

Average Property Prices

Marengo Real Estate Market Outlook

In Marengo there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Marengo is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Marengo leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Marengo the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.


Local Schools

Apollo Bay P-12 College

(While the above schools are located with the suburb of Marengo there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Marengo weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan4.020.828.860.088.65.224.1
Feb10.520.128.160.891.24.519.3
Mar11.918.926.763.192.54.515.8
Apr4.315.224.756.492.53.814.9
May3.01222.652.992.23.412.3
Jun3.39.820.154.091.53.711.0
Jul1.17.720.247.392.93.412
Aug1.78.021.243.092.03.715.2
Sept2.111.322.946.790.24.517.7
Oct3.514.024.153.890.74.620.7
Nov1.216.526.549.887.55.124.9
Dec6.519.027.457.988.55.223.0

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

27-05-2022 $450,000 9752 ARMIDALE RD
04-03-2022 $370,000 9754 ARMIDALE RD
15-12-2021 $1,775,000 1465 MARENGO RD
01-03-2019 $756,050 1465 MARENGO RD
10-12-2018 $300,000 9754 ARMIDALE RD
17-08-2017 $750,000 1465 MARENGO RD
17-08-2017 $208,000 4450 CHAELUNDI RD
08-01-2016 $5,450,000 1825 MARENGO RD
19-07-2007 $560,000 4450 CHAELUNDI RD

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Apollo BayCape OtwaySkenes CreekPetticoat CreekSkenes Creek NorthAire ValleyHordern ValeTanybrynGlenaireSugarloaf


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