Property value increases in Lara have tracked close to the VIC average of 10.43% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lara has increased when compared to the 5 year average annual rate.
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 -4.13% is being offered, which puts this VIC suburb at 2947th most discounted overall in Australia.
The VIC suburb of Lara, 3212 is in the Greater Geelong local government area.
At number 724th in the list of Australian suburbs ordered by increase in median house value over the last year, Lara, 3212 is in the top half with a property value increase of 5.42% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Lara comes in at number 104th in VIC.
Vendor discounting in Lara is giving property investors an average Vendor Discount of around -4.76%. This puts suburb at number 140th in VIC when ranking the most discounted suburbs.
Lara, 3212’s gross rental yield is 5.02%