Langwarrin

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 2.8% for the past year.

Investors saw the median home price rise to $882,000.

Profits due to an upward trend in home prices in the suburb averaged 0.85% per annum over a 3-year period.

LANGWARRIN now ranks at the 466th 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 $630 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 26.8 days.

In 2016, 338 properties were sold in LANGWARRIN during the past year, making it the 304th most active market in VIC based on total real estate transactions.

LANGWARRIN ranks 24th 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 12.26% for the past year, which is higher than average compared to its 36.18% growth within a five-year period.

With the median home price in LANGWARRIN sitting at $650,250, and the average rent at $520, property owners could potentially earn a 4.16% increase in gross rental yield.

Property investors have seen a 3.46% 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 12.26%.

A survey of average capital gains or median home price increase in suburbs across the country shows that LANGWARRIN, 3910 obtained a 7.77% growth over a ten-year period. It ranks 342nd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$882,000	$650,250
Growth Report
Median Quarterly	0.74%	3.46%
Median 12 month	2.8%	12.26%
Median 3 years	2.56%	8.38%
Median 5 years	32.12%	36.18%
10 years average annual	7.24%	7.77%
Weekly media advert. rent	$630	$520
Time on Market	26.8 days	22.8 days
Gross Rental Yield Percent	3.71%	4.16%

Demographics (Median Values)*

Total Population 22588

Weekly Household Income 1579

Household Size 2.70

Average Age 37

Monthly Loan Repayment 1700

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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