Suburb Profile Report for Langwarrin VIC (3910)

Langwarrin House: Median price $608,000, Annual capital growth 6.81%, Number of sales 341, Weekly median advertised rent $430

Langwarrin Unit: Median price $440,000, Annual capital growth 5.42%, Number of sales 56, Weekly median advertised rent $350

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

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

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Langwarrin, 3910 ranked 397th in VIC when comparing growth in median property values or capital gain over the last 12 months. Langwarrin is one of 2099 in our list for VIC

Over the longer term, Langwarrin has seen property prices show investors a 29.35% return over the last 3 years. This is worse than over the last 12 months

Langwarrin, 3910 is offering VIC ‘s 287th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

VIC has seen average median house prices change by 0.10% which means that Langwarrin, 3910 has done well for property investors by showing a capital gain of -3.83% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Langwarrin comes in at number 48th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Langwarrin itself are offering an average vendor discount of -7.10% to real estate investors.

Situated 42.84km from the CBD, Langwarrin is one of Frankston (C) localities in the postcode 3910.

Information supplied by:


July 2018

M
O

W
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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
$608,000 $440,000
-1.94% 0.00%
-4.25% -3.83%
6.81% 5.42%
$430 $350
341 56
3.68% 4.14%
41.7344262295082 59.7884615384615

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

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