Property investors who have had real estate in Lara, 3212 should be ok 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 5.62%
If we look at median property appreciation over just the last three months, Lara has given property investors a paper return of 5.04%. This puts Suburb as 132 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Lara should be aiming for at least -4.70% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $355 mark per week – giving a return of 4.81% based on the median price in Suburb
VIC has seen average median house prices change by 3.11% which means that Lara, 3212 has done well for property investors by showing a capital gain of -7.38% over the last year
While Lara,3212 ranked number 340th in VIC for increase in median house value (annualised) increase, it is ranked 292th over the last 5 years.
Lara3212 is located in VIC which offers an average discount of -5.12% to property investors. Lara itself is showing figures that indicate -6.02% is the average achievable by property buyers investing in the suburb.
Lara is 44th on a list of best yielding suburbs for rents in VIC with a 5.46% return