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Lang Lang, VIC 3984

Home » VIC Real Estate Data » Cardinia Shire, VIC » Lang Lang, VIC 3984

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lang Lang, VIC 3984 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lang Lang, VIC 3984”

  1. The total adult population (15 years or older) of Lang Lang 3984 VIC is 2,010, with a median age of 34. Of those, 43.63% are married, 12.54% are divorced or separated, 40.00% are single and 4.43% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,128. The median monthly mortgage repayment for households in this suburb is $1,736 which is 21.36% of their earnings.

    Source: ABS Census Data (2021)

  2. Lang Lang, postcode 3984, is a region in Victoria, home to approximately 1425 households. As we step into the 3rd quarter of 2023, the typically observed price for houses in Lang Lang stands at $755,184. The median weekly rent hovers around $499, which, if calculated against the property prices, formulates an indicative yield of 3.44%.

    Lang Lang secures an IRSAD score of 963 out of 1217, indicating a relatively high socio-economic status in comparison to the rest of the regions in the country. This suggests that the population of the community holds a substantial amount of economic resources and has access to prosperous opportunities.

    The suburb presents an agreeable renter to owner ratio of just 14%, demonstrating that the vast majority of houses in the area are occupied by homeowners. Additionally, the unit to house ratio is a low 9%, illustrating a dominance of single dwelling houses favouring long-term tenants and families, leading to a stable rental market.

    However, according to the Affordability Index, it would typically take homeowners around 36 years to fully own a property in Lang Lang. This indicates a moderate level of affordability in the area, considering the projected values based on median family income, interest rates, and property prices.

    As for supply metrics, the stock on market Percentage for houses is a favourable 0.43% and the inventory level is within the favourable low supply range at 1.76 months. A Building Approval Ratio of 4.9% indicates a potentially oversupplied market, but it might be well absorbed by the existing population growth and migration patterns.

    Moving onto the demand metrics, houses remain on the market for an average of 38 days indicating relatively high demand. The vacancy rate stands at a negligible 0.49% showcasing a significant quantity of occupied rental properties and indicating high rental demand. Lastly, the buy search index for houses stands at 5, signalling average demand in buy searches compared to Victoria or Melbourne averages.

    Despite not being a perfect market, Lang Lang offers a promising region for your real estate investment portfolio due to its high yield, favourable supply and demand metrics, and its thriving socio-economic condition. However, remaining vigilant about changes in market trends and data is vital for capitalising on lucrative opportunities in the real estate market. The HtAG Analytics’ Relative Composite Score (RCS) offers a tool that simplifies this research by utilising over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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