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AREA REPORTS

Langwarrin

Langwarrin - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3910

house
unit

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 7.2% for the past year.

Investors saw the median home price rise to $655,000.

Profits due to an upward trend in home prices in the suburb averaged 3.67% per annum over a 3-year period.

LANGWARRIN now ranks at the 276th 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 $440 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 40.5 days.

In 2016, 268 properties were sold in LANGWARRIN during the past year, making it the 391st most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $655,000 $465,000
GROWTH REPORT
Median Quarterly 2.97% 0.76%
Median 12 month 7.2% 3.33%
Median 3 years 11.02% 10.58%
Median 5 years 46.21% 47.62%
10 years average annual 5.52% 5.05%
Weekly media advert. rent $440 $360
Time on Market 40.5 days 38.1 days
Gross Rental Yield Percent 3.49% 4.03%
demographics (median values)
Total Population
19820
Weekly Household Income
1144
Household Size
2.90
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