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Investment Property Langwarrin, VIC, 3910

Suburb Snapshot

Langwarrin is a suburb in the Frankston Region of Victoria. Langwarrin has a population of 22,586 people and 17.64% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed 3.16% over the past year and changed 5.16% over 2 years.

The median rent in Langwarrin for houses is $580 per week and the median rental yield is 3.70%. Stock on the market for houses/townhouses has changed -16.87% compared to last year and the average time to sell a house/townhouse is 45 days.The median listing price for units is $540,000 and this has changed -1.73% over the past year. The average unit takes 35 days to sell and the median rent for a unit in Langwarrin is $480 per week, producing a rental yield of 4.62%.

Supply & Demand in Langwarrin, Frankston

0.45%

Current vacancy rate


42

Rental stock available


22,586

Population


17.64%

Rental population


0.79%

Current vacancy rate


496

Rental stock available


134,142

Population


26.09%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Langwarrin, Frankston

  House Townhouses Units
Median listing price $815,000 $690,000 $540,000
Median price change - last quarter 0.00% -0.72% 1.88%
Median price change - 1 year 3.16% 0.36% -1.73%
Median price change - 2 years 5.16% -4.17% 1.88%
  House Townhouses Units
Median weekly rent $580 $590 $480
Median yield % 3.70% 4.44% 4.62%
Median rent change - 1 year 10.47% 0.85% 6.66%
  House Units
Previous month sales 21 6
Stock on market previous month 69 14
Stock variance vs. last year -16.87% -6.67%
Average days on market 45 35

Langwarrin investment property listings

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