How Much is My Home Worth in Langwarrin?
In the last year, there have been 73 units sold and 305 houses sold in Langwarrin. The median price for a house on February 5, 2020, was $620,449. The median price for a unit was $453.500. The average annual property growth is currently 6.68% for houses and 5.15% for units. The 12-month capital growth for houses is -3.15% and for units, it is -2.44%. The DSR or Demand to Supply Ratio gives houses and units a good rating. This means there is a healthy interest from buyers but not enough properties on the market. Sellers are getting the price they ask for. Capital growth is positive for this suburb.
House prices and weekly rent returns in Langwarrin
- 2 bedroom house $450,000 Rent per week $345
- 3 bedroom house $595,500 Rent per week $410
- 4 bedroom house $686,000 Rent per week $483
Unit prices and weekly rent returns in Langwarrin
- 2 bedroom unit $407,500 Rent per week $330
- 3 bedroom unit $498,000 Rent per week $375
The gross rental yield for houses is 3.74% and for units, it is 4.09%. It takes 42 days to sell a house and 54 days to sell a unit.
Free Real Estate Appraisal Langwarrin
Do you want a free appraisal on your Langwarrin property? We appraise units, land and houses on a regular basis. We know the region well and have sold over 80 properties in the last year. Our appraisers base the price on proximity to schools, shops and amenities. Also included is the current sales history. Our agency is located in the heart of Langwarrin.
Free Rental Appraisal Langwarrin
Our property managers currently handle the rental of over 3500 properties. We are experts in property management. We form a close relationship with the landlord and provide regular reports to build the confidence that your property is managed by a team of professionals. So, if you have an investment property you want to rent we will give you a free rental appraisal on the expected weekly rent return. Or, you may want to rent your current home? We will discuss all the details of the lease and dig into our large database of potential tenants to see if we can find an immediate fit.
Langwarrin Suburb Profile Quick Statistics
Recent Sold Homes in Langwarrin
View our list of recently sold homes in Langwarrin. Browse properties sold in Langwarrin and Langwarrin South including houses, units and land.
Lifestyle in Langwarrin
Langwarrin is located 42 kilometres from the central business district of Melbourne in the south east. Langwarrin could be classified as semi-rural. Its neighbours include Skye and Frankston. The are a multitude of recreational and sporting activities catered too. There are 2 main shopping outlets – The Gateway Shopping Village and Langwarrin Plaza Shopping Centre. The Mornington-Peninsula Freeway runs along its western border.
Schools in Langwarrin
There are 5 schools in Langwarrin.
- Langwarrin Park Primary School Co-educational
- Langwarrin Primary School Co-educational
- Woodlands Primary School Co-educational
- St Jude’s Primary School
- Elisabeth Murdoch College