Property investors who have had real estate in Lara, 3212 should be relatively pleased 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 13.51%
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.
Vendor discounting in Lara is giving property investors an average Vendor Discount of around -3.48%. This puts suburb at number 499th in VIC when ranking the most discounted suburbs.
Lara is 177th on a list of best yielding suburbs for rents in VIC with a 4.46% return
At number 804th 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 4.96% recorded in median house prices.
If we look at median property appreciation over just the last three months, Lara has given property investors a paper return of -1.44%. This puts Suburb as 295 on a list of fastest fasting appreciating suburbs in VIC
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 -2.12% is being offered, which puts this VIC suburb at 1405th most discounted overall in Australia.
In the last year 27 properties changed hands in Lara, which puts it as the 261th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Lara, 3212 is in the Greater Geelong local government area.