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Lalor

POSTAL CODE: VIC, 3075
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Property investors enjoyed capital gains of 8.57% over the last 12 months in LALOR, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.04% growth over a ten-year period. It ranks 2663rd on our list of suburbs that property investors should look into.

LALOR, 3075 has a capital gain of 8.57% for the past year, which is higher than average compared to its 21.12% growth within a five-year period.

With the median home price in LALOR sitting at $760,000, and the average rent at $520, property owners could potentially earn a 3.56% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LALOR are low, as opposed to average gains per annum over the past five years.

LALOR, 3075 in VIC belongs to the local government area of Whittlesea.

Surburb overview

Lalor is a suburb of Whittlesea, Victoria, located approximately 17 kilometres north of Melbourne's Central Business District. As of the 2021 census, it had 23,219 residents.

Lalor covers an area of about 9.3 square kilometres and features 27 parks, accounting for nearly 11.6% of its total area. Between 2011 and 2016, the suburb experienced a population growth of 13.8%, increasing from 19,873 to 22,612 residents. The predominant age group is 30 to 39.

Lalor is primarily a residential area complemented by various businesses and services. Notable shopping centres include the Lalor Shopping Centre on Station Street and May Road and the Lalor Plaza Shopping Centre on McKimmies Road.

Public transportation in Lalor is well-developed. The Lalor railway station on the Mernda line provides access to Melbourne's city centre. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Lalor offers a range of housing options. The median house price is approximately $700,000.

Lalor's blend of cultural diversity, accessible amenities, and recreational facilities contributes to its appeal as a residential suburb in Melbourne's northern corridor.

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