langwarrin

3910, Victoria

Real Estate & Property Information

Median
Price Rank
376

langwarrin Suburb Profile & Review

Located on the edge of the Mornington Peninsula and only fifty minutes from the CBD due to recently completed EastLink developments, Langwarrin 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 is just a ten minute drive to some of Melbourne's best beaches a perfect location!

langwarrin Demographic Data

$ 389,500 Median House Price

46 Minutes Average Commute

35 Median Age

21,371 Population

51.21 % Female

48.79 % Male

6035 NO OF FAMILIES

1.9 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, Victoria.

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langwarrin 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 Median House Prices

  • 2008 $ 292,500
  • 2009 $ 320,000
  • 2010 $ 335,550
  • 2011 $ 396,000
  • 2012 $ 389,500

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 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 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 property price predictions.

langwarrin Market Property Types

  • 86 % Seperate House
  • 6 % Semi Detached
  • 6 % Flat or Unit
  • 1 % 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 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 Income & Mortgage Stats

  • $ 1,384 Median Weekly Household Income
  • $ 1,733 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

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 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 Sold Property Prices

langwarrin 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.

langwarrin Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

langwarrin Restaurants

  • Terry's Wok & Pizza397 McClelland Drlangwarrin VIC 391003 9789 8118
  • Oz Pizza Delight Langwarrin29a/230 Cranbourne-Frankston Rdlangwarrin VIC 391003 9789 2266
  • Mc Clelland Gallery Langwarrin390 McClelland Drive langwarrin VIC 391003 9789 1671

langwarrin Cafes

  • The Elms Coffee ShopGateway C, Shop 31, 230 Cranbourne-Frankston Roadlangwarrin VIC 391003 9785 6533
  • Delight InnShop 3/121, Cranbourne Roadlangwarrin VIC 391003 9776 5988
  • Javarama Cafe154 Allan Streetlangwarrin VIC 391003 9788 2825

langwarrin Schools

  • St. Judes Primary SchoolWarrandyte RoadÊlangwarrin VIC 3910(03) 9789 7581Catholic Primary School
  • Langwarrin Primary SchoolWarrandyte Roadlangwarrin VIC 3910(03) 9789 7346State Primary School
  • Langwarrin Park Primary SchoolNorth Gatewaylangwarrin VIC 3910(03) 9775 7533State Primary School

langwarrin Childcare

  • ABC Learning Centre455 Cranbourne Roadlangwarrin VIC 3910
  • Cricklewood Child Care Centre23-25 Cranbourne Rdlangwarrin VIC 3910
  • Jolly Jumbucks CCC1 Veronica Streetlangwarrin VIC 3910

langwarrin Kindergarten and Preschools

  • Bayport Kindergarten20-22 Bayport Drivelangwarrin VIC 3910
  • Langwarrin Park PreschoolBurgess Drivelangwarrin VIC 3910
  • Langwarrin PreschoolLong Streetlangwarrin VIC 3910

langwarrin Sporting Centres and Clubs

  • Langwarrin Pony Clublangwarrin VIC 3910Horse Riding Club
  • Peninsula Horse Riders Clublangwarrin VIC 3910Horse Riding Club
  • Blamcent Park Equestrian Ctrlangwarrin VIC 3910Horse Riding Club

langwarrin Retirement Villages

  • Ebenezer Villagelangwarrin VIC 3910

Find out How Much your House is Worth in langwarrin

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