Located in Victoria within the Cardinia local government area, Lang Lang is a compact suburb (postcode 3984). The area has roughly 2,556 residents and a blend of families and working-age professionals, with a median age of 34. Households earn a median income of $94K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Lang Lang has a median house price of $715,000, which has risen modestly by 1.1% year-on-year. The current median weekly rent is $560. This gives a gross rental yield of approximately 4.1%. 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.
Looking at the investment signals, Gross rental yield sits at around 4.1% (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. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.