39/15 Peninsula Crescent, Langwarrin, Vic 3910
$620,000 - $680,000
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Open Saturday 29 August 11:00 amOriginally used for pastoral purposes and later as a significant military camp during the late 19th and early 20th centuries. The suburb evolved from a rural outpost into a residential hub during the post-war suburban expansion of the 1970s and 80s.
A spacious, green residential area characterized by large allotments, family-sized homes, and a distinct lack of high-density development compared to neighboring Frankston.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Langwarrin serves as the 'middle ground' for buyers who find the Mornington Peninsula too expensive but want a higher standard of living and better safety profile than the immediate Frankston CBD. It is a destination suburb for second and third-home buyers.
$820k – $1.45m
$550k – $720k
12-month movement
Current asking rents
The market has shown resilience through interest rate cycles due to the high proportion of owner-occupiers and limited new land supply.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than the inner-east, Langwarrin has transitioned from an entry-level suburb to a premium outer-suburban market.
Lower = tighter market
Avg time on market
Annual rental increase
Young families and professionals working in the Frankston health and education precincts.
Low yields are offset by high capital growth potential and extremely low vacancy risks. Focus on 4-bedroom homes in the Elisabeth Murdoch catchment.
Expect steady capital appreciation outperforming the Melbourne average as the suburb's 'lifestyle' reputation solidifies and the Frankston CBD undergoes further gentrification.
vs last 12 months
Relative comparison
Check specific street lighting and proximity to shopping centers where minor opportunistic crime is more frequent.
Environmental factors are the primary concern, specifically related to the suburb's proximity to dense bushland and reserves.
Low risk; localized flash flooding possible in low-lying areas near Boggy Creek.
High risk in Langwarrin South and properties bordering the Flora and Fauna Reserve. BMO applies to many titles.
Expect higher premiums for properties within the Bushfire Management Overlay; obtain quotes prior to unconditional exchange.
Bushfire Management Overlay (BMO), Vegetation Protection Overlay (VPO1), Significant Landscape Overlay (SLO).
Limited; mostly small-scale subdivision of older large lots where overlays permit.
Overlays can significantly restrict your ability to clear land for pools, sheds, or extensions, and increase construction costs due to BAL (Bushfire Attack Level) requirements.
Car-dependent; bus services connect to Frankston station (Frankston Line).
The Gateway and Langwarrin Plaza provide essential retail; Karingal Hub is nearby for cinemas.
Exceptional; Langwarrin Flora and Fauna Reserve and Lloyd Park are major assets.
A major drawcard; Elisabeth Murdoch College is one of the region's most sought-after public schools.
Excellent proximity to Frankston Public and Peninsula Private Hospitals (5-10 min drive).
A quintessential family suburb with a high proportion of tradespeople, healthcare workers, and education professionals.
The high owner-occupancy rate ensures long-term neighborhood pride and property maintenance, supporting value retention.
Focus is on infrastructure and health services rather than high-density residential projects.
Residents praise the suburb for its safety, 'country feel' near the city, and excellent schools, though many lament the traffic on Cranbourne-Frankston Road.
The best place to raise kids. They can walk to the park and the schools are fantastic.
Love the house and the yard, but the drive to the city is getting painful with the morning traffic.
We got a 700sqm block for the price of a townhouse in Mentone. Best decision we ever made.
Living near the Flora and Fauna reserve is like being in the country, but the shops are only 5 minutes away.
Good honest people here. Most neighbors look out for each other and keep their gardens tidy.
Hard to find a rental here, and when you do, it's expensive. But it's worth it for the school zone.
Position the property as a 'forever home' sanctuary. Emphasize the balance of safety, space, and school access to attract upgrading families from Frankston and the inner-south.
Long-term capital growth play focused on family stability rather than high yield.
Higher maintenance costs due to large gardens and potential bushfire insurance hikes.
Quiet streets, great for kids, close to major shopping hubs.
Gardening can be a significant weekend commitment on these larger blocks.
Ensure all smoke alarms and gas safety checks are current, especially in older 1980s brick veneers common in the area.
The 'Peninsula Lifestyle without the Peninsula Price Tag'.
Young families (30-45) moving for school zones and retirees looking for 'half-acre' lifestyle properties in Langwarrin South.
This report is based on data available as of March 2026 and is intended for informational purposes only. It does not constitute financial or legal advice. Buyers should conduct their own independent due diligence and consult with professionals before making any property purchase.
$620,000 - $680,000
3 1 1
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