VIC/
Lara

Suburb Profile

Lara - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3212

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $413,750.

The upward trend in home prices in LARA, 3212 averaged 4.45% per annum over a 3-year period.

Average weekly rents on listings have reached the $360 mark, reflecting a 4.52% increase in returns based on the current median price in LARA.

An average of 18.42 real estate transactions take place per month in LARA which translates to 221 per annum.

221 properties were sold in LARA in 2016, making it the 423rd most active market in VIC based on total real estate transactions.

LARA, 3212 places 287th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $413,750 $311,000
GROWTH REPORT
Median Quarterly 3.44% 5.6%
Median 12 month 11.82% 5.42%
Median 3 years 13.36% 22.92%
Median 5 years 16.55% 15.19%
10 years average annual 4.46% 5.51%
Weekly media advert. rent $360 $300
Time on Market 40.0 days 60.8 days
Gross Rental Yield Percent 4.52% 5.02%
demographics (median values)
Total Population
12852
Weekly Household Income
1161
Household Size
2.90
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