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