Lang Lang is a smaller suburb in Victoria within the Cardinia local government area (postcode 3984). With a population of 2,556, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Lang Lang is $715,000, having risen modestly 1.1% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,736.
Lang Lang is served by 1 school, including 1 primary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Lang Lang offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($715K/$875K). The price-to-income ratio of 7.6x is considered moderate. House prices have moved +1.1% year-on-year.
Lang Lang is a smaller suburb in Victoria within the Cardinia local government area (postcode 3984). With a population of 2,556, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Lang Lang is $715,000, having risen modestly 1.1% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,736.
Lang Lang is served by 1 school, including 1 primary. The average ICSEA score is 960, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Lang Lang offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($715K/$875K). The price-to-income ratio of 7.6x is considered moderate. House prices have moved +1.1% year-on-year.