Investment property in Lalor has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.07%
Lalor,3075 was ranked 1969 in Australia by increase in median property value over the quarter.
Property buyers and investors in Lalor 3075 should be seeing an average reduction in asking price of around -12.10% . This means that Lalor is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Lalor the average time real estate has been on the market is 69.78 days.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.72%, without taking into account capital value appreciation, which has been averaging out at 6.84%.
Property investors who have had real estate in Lalor, 3075 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.06%
The five-year average increase in median property values for Lalor,3075 has given property investors a potential capital gain of 7.48% across each of those five years.
Vendor discounting in Lalor is giving property investors an average Vendor Discount of around -7.06%. This puts suburb at number 39th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Lalor the average time real estate has been on the market is 92.43 days.