Suburb Profile Report for Langwarrin VIC (3910)

Langwarrin House: Median price $613,000, Annual capital growth 6.65%, Number of sales 307, Weekly median advertised rent $440

Langwarrin Unit: Median price $445,500, Annual capital growth 5.18%, Number of sales 70, Weekly median advertised rent $350

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Langwarrin is an average performer in VIC when comparing median price capital growth over the last year. Langwarrin gave property investors a average capital gain figure when compared to the rest of the state, with -3.46%.

If we look at median property appreciation over just the last three months, Langwarrin has given property investors a paper return of 0.66%. This puts Suburb as 337 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Langwarrin should be aiming for at least -7.19% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 42.81km from the CBD, Langwarrin is one of Frankston (C) localities in the postcode 3910.

At number 805th in the list of Australian suburbs ordered by increase in median house value over the last year, Langwarrin, 3910 is in the BOTTOM 50% with a property value increase of -2.34% recorded in median house prices.

A 47.27% growth in median value for property investors in Langwarrin,3910 puts this suburb at number 166th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Langwarrin should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Langwarrin the average time real estate has been on the market is 52.6452 days.

The VIC suburb of Langwarrin, 3910 is in the Frankston (C) local government area.

Information supplied by:


July 2018

M
O

W
E

Buyers clamour for apartments

Postcode: 3910

Median unit price: $440,500

Three-year growth: 41.9%

Rental yield: 3.9%

Situated within the Frankston City LGA, the large suburb of Langwarrin boasts a highly popular apartment market.

Units are snatched up almost instantly, with properties typically spending just 22 days on sale. Vendors are able to leverage for discounts of only 3.1%, on average. This is likely because Langwarrin apartments are reasonably priced at a median value of $440,000, despite five years of strong and consistent growth since 2013.

Several roads and the Mornington Peninsula Freeway border the suburb, providing excellent access to the Frankston and Melbourne CBDs. The suburb is also known for its flora and fauna reserve, which has numerous walking tracks and recreational spots. Lloyd Park serves as the local sports facility for netball, tennis and football. The McClelland Gallery and Sculpture Park is an outdoor exhibition of interesting local artworks.

Metrics i HOUSE UNIT
$613,000 $445,500
0.66% 1.25%
-3.46% -2.34%
6.65% 5.18%
$440 $350
307 70
3.73% 4.09%
42.536496350365 52.6451612903226

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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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
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