This three-bedroom Marshall home sold recently for $485,000, which is smack bang on the median house price for the area.

Town by Town Snapshot: Marshall

April 23, 2020 BY

The size of Marshall is about 2.3 square kilometres with the population of Marshall recorded at 1,798 people in 2011. By the 2016 Census the population was 1,899, showing a population growth of 5.6 per cent in the area during that time.

Marshall, previously called Marshalltown, is an industrial and residential suburb 5km south of Geelong.
Its neighbouring area is Breakwater and was included in that area before gaining a separate name.
The Breakwater area was used for tanneries, fellmongeries and animal byproduct industries. Many of them were located there to take advantage of the saltwater Barwon River, south of the artificial breakwater that was built in 1837.
By the mid-1850s, Thomas Marshall, a Geelong wool merchant, established a wool scouring works near the breakwater, and the place was named after him.
Marshall and areas to its south were originally covered with wattle, a source of wattle bark for tanneries.
In 1877 the railway line from Colac to Geelong was opened, and in 1879 there was a line to Geelong racecourse until 1906 when racing moved to north of the river at Breakwater.
By the early 1900s Marshall was a small industrial township with a school, hotel, post office and an Anglican church.
Most residents were employed in industries located on the Barwon River, although the racecourse was developed as a model dairy farm.
CoreLogic data indicates that the predominant age group in Marshall is 30-39 years with households in Marshall being primarily childless couples and are likely to be repaying $1,400-$1,799 per month on mortgage repayments, and in general, people in Marshall work in a professional occupation.
In 2011, 72.5 per cent of the homes in Marshall were owner-occupied compared with 61.6 per cent in 2016.

Population: 1,899

Male: 43.9%

Female: 56.1%

Median age: 39

5 year population change: 5.6%

Median house price: $485,000

Change in Median Price: (5yrs) is 26.9%

Median asking rent per week: $420

Average length of ownership: 9 years

Owner occupiers: 74%

Renters: 26%

 

Historic median house price:

January 2020: $485,000

January 2019: $470,000

January 2018: $430,000

January 2017: $397,500

January 2016: $379,500

 

House sales per annum:

Period ending January 2020: 30

Period ending January 2019: 49

 

Land median sale price:

January 2020: N/A

January 2019: N/A

 

Land sales per annum:

Period ending January 2020: 0

Period ending January 2019: 0