Median Sale Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $275,000 | 0.0% | $215,500 | $307,000 | 9 |
| 2010 | $325,000 | +15.4% | $175,000 | $750,000 | 16 |
| 2011 | $310,000 | -4.8% | $223,000 | $430,000 | 15 |
| 2012 | $250,000 | -24.0% | $232,500 | $280,000 | 9 |
| 2013 | $316,000 | +20.9% | $165,000 | $450,000 | 16 |
| 2014 | $306,500 | -3.1% | $158,000 | $555,300 | 21 |
| 2015 | $337,000 | +9.1% | $120,000 | $480,000 | 37 |
| 2016 | $365,000 | +7.7% | $171,000 | $2,100,000 | 32 |
| 2017 | $395,000 | +7.6% | $285,000 | $795,000 | 25 |
| 2018 | $475,000 | +16.8% | $290,000 | $595,000 | 26 |
| 2019 | $520,000 | +8.7% | $290,000 | $750,000 | 35 |
| 2020 | $555,000 | +6.3% | $315,000 | $1,240,000 | 32 |
| 2021 | $665,000 | +16.5% | $395,000 | $1,560,000 | 70 |
| 2022 | $715,000 | +7.0% | $485,000 | $960,000 | 33 |
| 2023 | $715,000 | 0.0% | $360,000 | $910,000 | 52 |
| 2024 | $775,000 | +7.7% | $510,000 | $1,500,000 | 21 |
Median Sale Price
$740K
Based on 54 recorded sales within the last 12 months
Updated on 14 May 2024
Suburb Growth
+3.4%
Current Median Price: $740,000
Previous Median Price: $715,000
Based on 94 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $250 | 0.0% | $230 | $420 | 8 |
| 2012 | $310 | +19.4% | $220 | $500 | 13 |
| 2013 | $280 | -10.7% | $190 | $450 | 18 |
| 2014 | $280 | 0.0% | $255 | $350 | 9 |
| 2015 | $310 | +9.7% | $250 | $550 | 15 |
| 2016 | $320 | +3.1% | $275 | $450 | 13 |
| 2017 | $320 | 0.0% | $250 | $430 | 9 |
| 2018 | $350 | +8.6% | $280 | $480 | 15 |
| 2019 | $380 | +7.9% | $290 | $470 | 19 |
| 2020 | $420 | +9.5% | $355 | $450 | 13 |
| 2021 | $380 | -10.5% | $320 | $620 | 15 |
| 2022 | $490 | +22.4% | $350 | $1,739 | 29 |
| 2023 | $520 | +5.8% | $330 | $650 | 27 |
| 2024 | $650 | +20.0% | $420 | $800 | 7 |
Median Rent Price
$580
per week
Based on 19 recorded rent within the last 12 months
Updated on 14 May 2024
Rent Price Growth
+13.8%
Current Median Rent: $580
Previous Median Rent: $500
Based on 54 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.1%
Current Median Price: $740,000
Current Median rent: $580
Based on 73 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)
Auction Results For Lang Lang
Houses sold in Last 12 months ends 11 May 2024
$910K
Median Sale Price
100%
Clearance Rate
2/2
Sold/Reported
$910K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M (Median Price Range) | 2 | |
Similar Suburbs to Lang Lang 3984
Based on median house sale price sold in last 12 months
Schools closest to Lang Lang, VIC 3984
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Lang Lang Primary School | 52 WESTERNPORT ROADLang Lang 3984 | Primary | Government | 0.45 km |