Thinking about buying in Lang Lang East? Now could not be a better time, with just 52 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,249,000 with prices in this suburb ranging from $1,075,000 to $1,648,000. Lang Lang East is located fairly close to the coast at just 9Km 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 | $288.33 |
Median Monthly Mortgage | $1953.67 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 3.00 |
Average Age | 44.00 |
Average Income | $761.33 |
Average Cars Per Dwelling | 2.82 |
Average Properties Within 50M | 1 |
3 Bed  $1,555,000 |
4 Bed  $1,146,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Lang Lang East are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Lang Lang East provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Lang Lang East to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Lang Lang East the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
120 murphys rd, lang lang east, vic, 3984 | 5 | 2 | 13 | Private Sale - Contact Agent |
None within suburb boundary
(While the above schools are located with the suburb of Lang Lang East 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 | 1.6 | 16.2 | 24.6 | 55.8 | 88.5 | 3.9 | 25.3 |
Feb | 1.6 | 16.2 | 24.5 | 54.1 | 87.9 | 3.7 | 21 |
Mar | 1.6 | 14.9 | 22.9 | 53.2 | 87.3 | 3.8 | 15.8 |
Apr | 1.7 | 13.2 | 20.3 | 57.0 | 89.6 | 3.3 | 10.9 |
May | 2.9 | 10.7 | 16.4 | 62.0 | 90.3 | 3.5 | 7.7 |
Jun | 2.2 | 8.7 | 14.1 | 67.2 | 92 | 3.5 | 6.9 |
Jul | 2.3 | 8.2 | 13.5 | 65.0 | 90.7 | 4.4 | 7.4 |
Aug | 2.6 | 8.1 | 14.1 | 61.8 | 90.5 | 4 | 10.0 |
Sept | 1.9 | 9.4 | 16.3 | 56.7 | 90.6 | 3.7 | 14.3 |
Oct | 1.6 | 11.1 | 18.8 | 57.4 | 90.7 | 3.5 | 19.0 |
Nov | 5.1 | 12.6 | 20.7 | 54.0 | 88.2 | 3.6 | 22.4 |
Dec | 1.3 | 14.6 | 24.0 | 51.8 | 87 | 3.8 | 28.3 |
source: Australian Government Bureau of Meteorology
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