Powered by MOMENTUM MEDIA
AREA REPORTS

Langwarrin

Suburb Profile

Langwarrin - FREE 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 0.24% for the past year.

Investors saw the median home price rise to $621,500.

Profits due to an upward trend in home prices in the suburb averaged 6.51% per annum over a 3-year period.

LANGWARRIN now ranks at the 402nd 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 $442.5 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 37.5 days.

In 2016, 283 properties were sold in LANGWARRIN during the past year, making it the 351st 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 $621,500 $456,000
GROWTH REPORT
Median Quarterly 1.06% 1.33%
Median 12 month 0.24% 1.33%
Median 3 years 19.52% 26.67%
Median 5 years 47.71% 48.05%
10 years average annual 6.34% 5.21%
Weekly media advert. rent $442.5 $360
Time on Market 37.5 days 55.7 days
Gross Rental Yield Percent 3.7% 4.11%
demographics (median values)
Total Population
19820
Weekly Household Income
1144
Household Size
2.90
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Does Australia need to provide lower-cost housing?

A growing number of Australians are being forced to live in high-density apartments, which is having an impact on future prosperity and cohe...

property

‘Earlier than expected’ recovery pinpointed for property

A real estate group says some positive signs are beginning to emerge within Australia’s property market. ...

Brisbane property market

Property market update: Brisbane, April 2020

How is the Brisbane property market faring amid the “new normal” that resulted from the COVID-19 outbreak? ...

INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Building portfolio resilience in the wake of COVID-19

While social distancing regulations have begun to ease and the property market is showing glimpses of recovery, Right Property Group’s Vic...

Perth

Perth recovery takes COVID-19 hit

While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...

Are landlords being left high and dry by insurers?

The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.