Lara has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.74% to date .
The five-year average increase in median property values for Lara,3212 has given property investors a potential capital gain of 8.23% across each of those five years.
At number 381th of VIC’s most discounted properties, Lara is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.43%, investors should hope to achieve an overall return of 4.85%
Property value increases in Lara have tracked just lower than the VIC average of 3.19% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Lara comes in at number 146th in VIC.
Property investors looking for a bargain in Lara should be aiming for at least -6.28% off the asking price, which is the average vendor discount being achieved at the moment.