At number 1337th in the list of Australian suburbs ordered by increase in median house value over the last year, Lara, 3212 is in the top 40% with a property value increase of 9.29% recorded in median house prices.
Across a shorter period, Lara, 3212 has seen a median price increase of 3.36% over the last quarter.
Property buyers and investors in Lara 3212 should be seeing an average reduction in asking price of around -4.52% . This means that Lara is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Lara the average time real estate has been on the market is 51.94 days.
Lara is 161th on a list of best yielding suburbs for rents in VIC with a 4.68% return
With a capital gain of 0.86% for the last 12 months, Lara, 3212 has performed for property investments than its average annual 4.90% property growth over the last 5 years.
Lara,3212 was ranked 230 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lara, 3212. Typically our figures indicate that -5.69% is being offered, which puts this VIC suburb at 562th most discounted overall in Australia.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 4.90%.