Investment property in Lalor has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.39%
Across a shorter period, Lalor, 3075 has seen a median price increase of 8.82% over the last quarter.
Lalor3075 is located in VIC which offers an average discount of -5.53% to property investors. Lalor itself is showing figures that indicate -4.46% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 23.25 sales per month, which equates to 279 per year.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
At number 585th in the list of Australian suburbs ordered by increase in median house value over the last year, Lalor, 3075 is in the top 40% with a property value increase of 7.67% recorded in median house prices.
Lalor,3075 was ranked 404 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Lalor is offering property investors an average of -4.87. This rate of discount on properties puts Suburb at number 11th in terms of most discounted suburbs in VIC
With the median price for a house in Lalor being $365000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.49%