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Langwarrin suburb profile

Langwarrin is a picturesque suburb located in Melbourne's southeast, approximately 42km from the CBD. Known for its family-friendly atmosphere and natural beauty, Langwarrin offers a peaceful lifestyle with easy access to urban amenities. The suburb is home to the Langwarrin Flora and Fauna Reserve, providing residents with ample opportunities for outdoor recreation and nature walks. With a mix of modern housing developments and established homes, Langwarrin caters to a diverse community. Its proximity to major shopping centers, schools, and public transport options makes it an appealing choice for families and professionals seeking a balance between city and suburban living.

Langwarrin property market performance

Langwarrin’s property market has shown robust growth over the past 12 months, with house values increasing by 6.8% and unit values rising by 9.1%. The median house price has averaged $840,000, while units have averaged $600,000, indicating strong demand across both property types.

Sales activity has been active, with 64 houses and 28 units sold in the past 12 months. Houses are selling quickly, with a median of just 13 days on the market, while units are taking slightly longer at 18 days, reflecting a competitive market environment.

Langwarrin’s rental market has also experienced significant changes, with house rents increasing by 15.2% and unit rents by 7.7% over the last 12 months, highlighting a strong demand for rental properties in the area.

Median price - houses$840KPast 3 months

Median price - units$600KPast 3 months

Change in value - houses6.8%12 months

Change in value - units9.1%12 months

Houses sold64Past 3 months

Units sold28Past 3 months

Median DOM - houses13Past 12 months

Median DOM - units18Past 12 months

Average rent - houses$530Past 12 months

Average rent - units$420Past 12 months

Change in rent - houses15.2%Past 12 months

Change in rent - units7.7%Past 12 months

Langwarrin demographics

Langwarrin, located in Victoria, is a suburb that offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 23,588, it is a family-friendly area characterized by a significant proportion of couple families with children, making up 48.4% of the community. This highlights Langwarrin's appeal to families seeking a nurturing environment with ample space and community facilities.

The median age of 38 suggests a mature community, with a balanced mix of young families and established residents. The suburb's median total household income of $1,919 per week reflects a comfortable standard of living, supporting a lifestyle that balances work and leisure. Langwarrin's housing market is predominantly owner-occupied, with 30.7% of properties owned outright and 51.2% owned with a mortgage. This indicates a stable community with a strong sense of home ownership and investment in the area.

Rental properties account for 18.1% of the housing market, catering to those who prefer flexibility or are new to the area. The presence of one-parent families, comprising 16.2% of the population, adds to the suburb's diversity and community spirit. Langwarrin's appeal lies in its family-oriented atmosphere, supported by local schools, parks, and recreational facilities, making it an ideal choice for those seeking a balanced suburban lifestyle.

Langwarrin infrastructure, key developments and investment opportunities

Langwarrin is experiencing several developments that may impact its property market. The suburb is seeing the construction of new residential projects, including townhouses and house and land packages across multiple estates. This increase in housing supply aims to cater to growing demand in the area. Additionally, there are plans for infrastructure improvements, including upgrades to local schools and community facilities.

The property market in Langwarrin remains active, with a median house price of around $847,500 as of recent data. The suburb offers a mix of property types, from family homes to acreage properties, appealing to various buyer segments. Its location, approximately 42 km southeast of Melbourne's CBD, combined with its semi-rural feel and proximity to amenities, continues to attract families and first-home buyers looking for affordable options relatively close to the city.

Langwarrin rental market trends

The rental market in Langwarrin has experienced significant growth, with house rents increasing 15.2% over the past year to $530 per week, while unit rents have risen 7.7% to $420 per week. This growth reflects strong demand and the suburb's appeal, making Langwarrin an attractive option for both renters and investors seeking promising returns in a well-connected area.

Suburbs near Langwarrin

Some popular suburbs near Langwarrin include:

Common questions about Langwarrin

  • Is Langwarrin a nice place to live?

    Langwarrin is a delightful suburb that offers a charming blend of suburban tranquility and accessibility to urban conveniences. Nestled in Melbourne's southeast, it is a haven for families seeking a peaceful lifestyle amidst natural beauty. The suburb is renowned for its lush green spaces, including the Langwarrin Flora and Fauna Reserve, which provides residents with ample opportunities for outdoor activities and nature walks. This picturesque setting, combined with a strong sense of community, makes Langwarrin an appealing choice for those looking to escape the hustle and bustle of city life while still enjoying easy access to essential amenities.

    The suburb boasts a welcoming and family-friendly atmosphere, with a diverse mix of modern housing developments and established homes. This variety caters to a wide range of residents, from young families to professionals. Langwarrin's proximity to major shopping centers, schools, and public transport options enhances its livability, making daily errands and commutes convenient. Safety is generally not a major concern, contributing to the suburb's appeal as a nurturing environment for families.

    While Langwarrin offers a serene lifestyle, it does come with some trade-offs. The distance from Melbourne's CBD means that commuting times can be longer for those working in the city. Additionally, while the suburb provides a peaceful retreat, it lacks the vibrant nightlife and cultural attractions found in more urban areas. However, for those who prioritize a family-oriented atmosphere and access to nature, Langwarrin presents a wonderful balance of suburban living with the convenience of nearby urban amenities.

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  • Is it expensive to live in Langwarrin?

    Living in Langwarrin is relatively affordable compared to many other suburbs in Melbourne. The median house price is $840,000, which is quite reasonable when compared to the soaring prices in inner-city areas. For those considering units, the median price is even lower at $600,000, making it a more budget-friendly option for buyers. Renting is also fairly priced, with the average rent for houses at $530 per week and units at $420 per week, aligning well with the suburb's overall affordability.

    The average wage in Langwarrin is approximately $77,000 per year. This is slightly below the average wage in Melbourne, which means that while housing prices are affordable, residents might need to budget carefully to manage their expenses. The median total household income sits at $1,919 per week, which suggests that dual-income households might find it easier to handle the cost of living comfortably.

    Overall, Langwarrin offers a good balance of affordability and lifestyle, making it an attractive option for those looking to live within commuting distance of Melbourne without the hefty price tag associated with more central locations. If you are thinking of living in Langwarrin, it's a suburb that provides value for money while still offering the benefits of suburban living.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Langwarrin a good place to invest?

    Langwarrin is showing promising signs as a suburb worth considering for investment. Over the past year, the median house value has increased by 6.8%, while units have seen an even more impressive rise of 9.1%. This indicates a healthy demand for properties in the area, which is a positive signal for potential investors. The suburb's growth in property values suggests that Langwarrin is becoming an increasingly attractive place to live, likely due to its appealing lifestyle and amenities.

    In addition to property value growth, Langwarrin has experienced significant increases in rental prices, with house rents climbing by 15.2% and unit rents by 7.7% over the last 12 months. This trend highlights a strong rental market, which is beneficial for investors seeking reliable rental income. The combination of rising property values and rental prices suggests that Langwarrin is not only a desirable place to live but also a suburb with solid investment potential.

    Overall, Langwarrin offers a compelling opportunity for investors looking for both capital growth and rental yield. Its recent performance in the property market, coupled with the increasing demand for housing, makes it a suburb worth considering for those interested in real estate investment.

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