LANGWARRIN, 3910 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling LANGWARRIN, 3910 values up and netting property investors a capital gain of 17.65% for the past year.
Investors saw the median home price rise to $599,999.
Profits due to an upward trend in home prices in the suburb averaged 14.29% per annum over a 3-year period.
LANGWARRIN now ranks at the 430th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in LANGWARRIN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LANGWARRIN, homes and units usually stay on listing for an average of 25.6 days.
In 2016, 354 properties were sold in LANGWARRIN during the past year, making it the 265th most active market in VIC based on total real estate transactions.
LANGWARRIN ranks 83rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
LANGWARRIN, 3910 has a capital gain of 20% for the past year, which is higher than average compared to its 42.04% growth within a five-year period.
LANGWARRIN, 3910 ranks 174th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20% for property investors last year.
With the median home price in LANGWARRIN sitting at $420,000, and the average rent at $320, property owners could potentially earn a 3.96% increase in gross rental yield.
Property investors have seen a 2.44% gain in LANGWARRIN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on LANGWARRIN, 3910 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 20%.
A survey of average capital gains or median home price increase in suburbs across the country shows that LANGWARRIN, 3910 obtained a 6.75% growth over a ten-year period. It ranks 419th on our list of suburbs that property investors should look into.