Over the last year, property investments in Lang Lang, 3984 have given investors a capital gain of 10.16%. This compares averagely with the 8.12% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Lang Lang,3984 has racked up an average of 10.16% over the period. This ranks it number 1556th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Lang Lang 3984 should be seeing an average reduction in asking price of around -4.21% . This means that Lang Lang is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Lang Lang the average time real estate has been on the market is 55.75 days.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
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