Lang Lang, 3984 ranked 291th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lang Lang is one of 2098 in our list for VIC
While Lang Lang,3984 ranked number 434th in VIC for increase in median house value (annualised) increase, it is ranked 421th over the last 5 years.
The most recent median price for Lang Lang is $360000, with sellers offering an average of -5.25% off the asking price.
At number 470 in a list of fastest selling suburbs, Lang Lang is in the TOP 20% of suburbs in Australia with an average of days on market 46.66 for properties listed there.
Lang Lang is 166th on a list of best yielding suburbs for rents in VIC with a 4.62% return
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
Information supplied by:
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