Thinking about buying in Langwarrin? Now could not be a better time, with 10941 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,007,000 with prices in this suburb ranging from $142,000 to $4,417,000. Langwarrin is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $395.50 |
Median Monthly Mortgage | $1926.76 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 2.86 |
Average Age | 39.45 |
Average Income | $860.98 |
Average Cars Per Dwelling | 2.19 |
Average Properties Within 50M | 13 |
1 Bed  $820,000 |
2 Bed  $681,000 |
3 Bed  $924,000 |
4 Bed  $1,245,000 |
5 Bed  $1,563,000 |
6 Bed+$1,670,000 |
Consistent high demand relative to supply is a key feature in Langwarrin driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Langwarrin are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Langwarrin classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Langwarrin requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Langwarrin we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Langwarrin a better buying opportunity than it may have been in the past.
Langwarrin Primary School
Langwarrin Park Primary School
Woodlands Primary School
Elisabeth Murdoch College
St Jude's School
Bayside Christian College
Frankston Special Developmental School
Karingal Heights Primary School
Kingsley Park Primary School
Naranga Special School
(While the above schools are located with the suburb of Langwarrin there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.5 | 14.2 | 25 | 46.1 | 86.8 | 2.4 | 22.2 |
May | 1.9 | 8.6 | 16.8 | 55.9 | 90.6 | 1.8 | 8.2 |
Jun | 2.5 | 7.3 | 14.6 | 62.7 | 92 | 1.9 | 6.7 |
Jul | 1.9 | 7.1 | 13.7 | 60.4 | 89.3 | 2.7 | 7.3 |
Aug | 2.2 | 8.1 | 15.3 | 56.5 | 90.8 | 2.5 | 10.7 |
Sept | 2.9 | 8.4 | 17.2 | 49.3 | 90.3 | 2.6 | 14.2 |
Oct | 2.5 | 10.2 | 18.7 | 54.3 | 89.6 | 2.5 | 16.7 |
Nov | 1.4 | 12.8 | 23.8 | 42.5 | 87.4 | 2.2 | 22 |
source: Australian Government Bureau of Meteorology
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