Property investors who have had real estate in Lang Lang, 3984 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.55%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lang Lang has increased when compared to the 5 year average annual rate.
Lang Lang, 3984 is offering VIC ‘s 590th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
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