langwarrin south

3911, Victoria

Real Estate & Property Information

Median
Price Rank
83

langwarrin south Suburb Profile & Review

Located on the edge of the Mornington Peninsula and only fifty minutes from the CBD, Langwarrin South is developing into a semi-rural area that still retains its village atmosphere.

Cruden Farm, home of Dame Elisabeth Murdoch, has a spectacular garden which is often open to the public. The Langwarrin Flora and Fauna Reserve is a beautiful local attraction, complete with walking tracks and quiet spaces for relaxation and soaking up the outdoors.

There are two shopping centres in the area the Gateway Shopping Village and Langwarrin Plaza which take care of locals' shopping and amenities needs. There may be a lack of dining out options in Langwarrin, but the Mornington Peninsula is not far, with wineries and restaurants aplenty. The Elisabeth Murdoch College is a first-rate public high school, and there are many primary schools in the area as well. Langwarrin South is just a ten minute drive to some of Melbourne's best beaches a perfect location!

langwarrin south Demographic Data

$ 760,000 Median House Price

50 Minutes Average Commute

38 Median Age

1,126 Population

49.02 % Female

50.98 % Male

318 NO OF FAMILIES

2.1 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in langwarrin south, Victoria.

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langwarrin south Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

langwarrin south Median House Prices

  • 2008 $ 484,500
  • 2009 $ 490,000
  • 2010 $ 452,500
  • 2011 $ 470,000
  • 2012 $ 760,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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langwarrin south 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in langwarrin south have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term langwarrin south property price predictions.

langwarrin south Market Property Types

  • 100 % Seperate House
  • 0 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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langwarrin south Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

langwarrin south Income & Mortgage Stats

  • $ 1,645 Median Weekly Household Income
  • $ 1,900 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in langwarrin south

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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langwarrin south Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

langwarrin south Sold Property Prices

langwarrin south Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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langwarrin south Schools

  • Bayside Christian College120-128 Robinsons Roadlangwarrin south VIC 3911(03) 5971 6700Private School
  • Woodleigh School Senior Campus485 Golf Links Roadlangwarrin south VIC 3911(03) 5971 6100Private School

langwarrin south Sporting Centres and Clubs

  • Langwarrinlangwarrin south VIC 3911Soccer Club
  • Lawton Parklangwarrin south VIC 3911Tennis Club & Courts
  • Lawton Park Reservelangwarrin south VIC 3911Tennis Club & Courts

Find out How Much your House is Worth in langwarrin south

Request a free market Basic Report for langwarrin south to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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