Lara is in the bottom 20% in VIC when comparing median price capital growth over the last year. Lara gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
Over the longer term, Lara has seen property prices show investors a 3.18% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Lara is giving property investors an average Vendor Discount of around -4.93%. This puts suburb at number 402th in VIC when ranking the most discounted suburbs.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 3.32%.
Lara is in the bottom 40% in VIC when comparing median price capital growth over the last year. Lara gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.30%.
If we look at median property appreciation over just the last three months, Lara has given property investors a paper return of -0.85%. This puts Suburb as 233 on a list of fastest fasting appreciating suburbs in VIC
At number 110th of VIC’s most discounted properties, Lara is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $290 mark per week – giving a return of 5.16% based on the median price in Suburb