If you compare the increase in value of investment property in Lang Lang, 3984 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.76%.
A 10.65% growth in median value for property investors in Lang Lang,3984 puts this suburb at number 608th in terms of best performing suburbs in VIC
Property buyers and investors in Lang Lang 3984 should be seeing an average reduction in asking price of around -3.96% . This means that Lang Lang is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.
Houses are inexpensive at Lang Lang, despite strong and consistent growth over the past five years. The average rental return generated is also reasonably high at nearly 5%. Those looking to sell do not have to offer high discounts, thus increasing profit.Full summary
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Farm town offers affordability with growth
Median house price: $360,000
Three-year growth: 33.33%
Rental yield: 4.69%
Just off the South Gippsland Highway, the small suburb of Lang Lang is known for producing the biggest crops of asparagus in the southern hemisphere.
Houses are inexpensive here at a median price of $360,000, despite strong and consistent growth over the past five years. The average rental return generated is also reasonably high at nearly 5%. Those looking to sell do not have to offer high discounts, thus increasing profit.
The suburb is right on the Lang Lang River and cultivates a thriving agricultural industry that also includes beef and dairy farming. There is an annual rodeo held in town, a tradition dating back to the 1940s. The suburb is home to a golf course as well.
Cranbourne is approximately 30 minutes away via the highway, and buses run from the Comfort Station Bus Interchange all the way to Melbourne.Close