Suburb Profile Report for Langwarrin VIC (3910)

Langwarrin House: Median price $530,999, Annual capital growth 6.87%, Number of sales 354, Weekly median advertised rent $400

Langwarrin Unit: Median price $360,000, Annual capital growth 5.63%, Number of sales 122, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Langwarrin, 3910 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.43%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Langwarrin has increased when compared to the 5 year average annual rate.

Langwarrin3910 is located in VIC which offers an average discount of -5.87% to property investors. Langwarrin itself is showing figures that indicate -4.06% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Langwarrin the average time real estate has been on the market is 32.18 days.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Langwarrin has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.03% to date .

The five-year average increase in median property values for Langwarrin,3910 has given property investors a potential capital gain of 16.13% across each of those five years.

At number 307th of VIC’s most discounted properties, Langwarrin is in the TOP 10% of the state/territory when listing in order of most discounted to least.

At number 41 in a list of fastest selling suburbs, Langwarrin is in the TOP 10% of suburbs in Australia with an average of days on market 30.21 for properties listed there.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Darren Eichenberger Information supplied by:

Darren Eichenberger
Stockdale & Leggo Real Estate

M 9775 7500
O 0419 874 279

W www.stockdaleleggo.com.au/langwarrin
E darren1@stockdaleleggo.com.au
Langwarrin, 3910 ranked 378th in VIC when comparing growth in median property values or capital gain over the last 12 months. Langwarrin is one of 2096 in our list for VIC

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Langwarrin has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Langwarrin is offering property investors an average of -8.61. This rate of discount on properties puts Suburb at number 530th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Langwarrin the average time real estate has been on the market is 68.07 days.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 5.63%.Full summary
Langwarrin consists of approx. 6000 homes. The area is made up of units, houses and lifestyle properties on 1 hectare. Approx 80% of homes are owner occupied and 20% are rentals. Langwarrin is approx. 10 mins from the Frankston Beech and has excellent infrastructure for a smaller suburb. The Peninsula link lies on the border of the area, excellent shopping centres and schools are also renowned for the area.
 
Langwarrin South is predominately acreage properties and has a rural feel yet is close to all town amenities.
 
Langwarrin, 3910 ranked 378th in VIC when comparing growth in median property values or capital gain over the last 12 months. Langwarrin is one of 2096 in our list for VIC
 
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Langwarrin has increased when compared to the 5 year average annual rate.
 
LACK OF BUYER INTEREST may well be the reason that Langwarrin is offering property investors an average of -8.61. This rate of discount on properties puts Suburb at number 530th in terms of most discounted suburbs in VIC
 
Often selling an investment property can take time, and in Langwarrin the average time real estate has been on the market is 68.07 days.
 
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 5.63%.
 
Selling points: Langwarrin caters for the investor, first home buyer, family upgrader and acreage buyer. We cater for a wide variety of buyers.
 
Most sought-after properties: The middle market is most popular at the moment with properties in the $400,000 to $600,000 price range.
 
Top amenities: Langwarrin Gateway Village Shopping Centre, Woodlands Primary School, Elisabeth Murdoch College, McClelland Gallery, Bus service
 
Local industry and business: Small retail
 
Best streets: Pindara estate, Springhill Estate for residential 
 
Public transport: Buses
 
Main arteries: Peninsula Link
Close
Metrics i HOUSE UNIT
$530,999 $360,000
4.12% 2.86%
15.43% 13.03%
6.87% 5.63%
$400 $320
354 122
3.92% 4.62%
32.18 30.21

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
Find a mortgage broker in Langwarrin VIC
Demographics
Total population 21370
Median household income ($/weekly) 1384
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 3028 14.2
    25-34 years 2697 12.6
    35-44 years 3220 15.1
    45-54 years 3300 15.4
    55-64 years 2374 11.1
    Others 6753 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 8044 50.4
    Not Married 6242 39.1
    Defacto Relationship 1679 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 17077 82.5
    New Zealand 164 0.8
    Papua New Guinea 343 1.7
    United Kingdom 1869 9.0
    Other 311 1.5
    Others 939 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 0.8
    Christianity 12669 64.6
    Islam 35 0.2
    Other Religious Groups 111 0.6
    No Religion 6596 33.7
    Others 37 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 589 8.8
    $1,000-$1,249 691 10.3
    $1,250-$1,499 614 9.1
    $1,500-$1,999 1077 16.0
    $2,000-$2,499 876 13.0
    Others 2875 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7190 43.8
    Not in the labour force 4408 26.9
    Employed, worked part-time 3662 22.3
    Employed, away from work 682 4.2
    Unemployed, looking for work 461 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1223 10.6
    Professionals 1580 13.7
    Technicians & trades workers 2314 20.1
    Clerical & administrative workers 1916 16.6
    Sales 1393 12.1
    Others 3107 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 435 8.0
    Infants/Primary 1937 35.8
    Secondary 1786 33.0
    Technical or Further Educational Institution 567 10.5
    University or other Tertiary Institutions 516 9.5
    Others 167 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18941 91.4
    Flat, unit or apartment 827 4.0
    Semi-detached, row or terrace house, townhouse 791 3.8
    Caravan, cabin, houseboat 156 0.8
    House or flat attached to a shop, office 6 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 4003 54.2
    Fully owned 2028 27.4
    Rented 1302 17.6
    Other tenure type 56 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals