With a capital gain of 5.05% for the last 12 months, Lang Lang, 3984 has performed for property investments than its average annual 7.83% property growth over the last 5 years.
The five-year average increase in median property values for Lang Lang,3984 has given property investors a potential capital gain of 70.77% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Lang Lang is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 84th in terms of most discounted suburbs in VIC
The VIC suburb of Lang Lang, 3984 is in the Cardinia (S) local government area.
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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.