Get a property report and suburb profile for any property in Langwarrin

Langwarrin is a south-eastern Melbourne suburb where established streets sit alongside large pockets of native bush, anchored by the Langwarrin Flora and Fauna Reserve with walking tracks and birdlife. Housing ranges from older weatherboard cottages to newer brick homes in quiet residential pockets, and there are plenty of sporting ovals, playgrounds, schools and everyday shopping. Residents have regular bus connections, ready access to major roads and the nearby Frankston train line, and are within reach of coastal beaches and peninsula attractions for weekend outings.

The community is weighted towards couple families with children (48.4% of families), the population is 23,588 with a median age of 38, and owner-occupation is dominant at about 81.9% of dwellings. Frankston City Council has a number of local projects planned or under way, including a redevelopment of the Langwarrin Child & Family Centre, upgrades at Lloyd Park and a new shared user path, which add to local facilities and active-recreation options. Whether Langwarrin suits you will come down to what you value in a suburb.

In Langwarrin, renting a house at about $650 a week would take roughly 33.9% of a typical local household's weekly income as recorded at the last Census, which is a sizeable share. Renting a unit at about $525 a week would take roughly 27.4% of that weekly income, a moderate share.

Buying looks higher against local incomes at the last Census: the median house price of $925,000 is about 9.3 times a typical local household's annual income, and the median unit price of $615,000 is about 6.2 times a typical local annual household income. On these figures, purchasing sits well above what households earned at the last Census, while renting shows a smaller but still significant income burden.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values were the standout in Langwarrin over the past 12 months, rising a strong 12.0%. House values also increased, up a solid 5.9%. On the income side, house rents rose a modest 4.8% while unit rents rose a solid 5.0%, so unit capital growth outpaced houses this year and unit rents grew slightly faster than house rents. If rental income is your priority, the rent figures are the most relevant; if capital growth matters more, look to the value changes. Whether that balance suits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.