At number 1045th in the list of Australian suburbs ordered by increase in median house value over the last year, Lara, 3212 is in the top 30% with a property value increase of 11.61% recorded in median house prices.
Comparing Lara,3212 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -4.40% is being offered, which puts this VIC suburb at 2864th most discounted overall in Australia.
Residents and property investors in Lara have been waiting around 49.99 days to sell a property.
With the median price for a house in Lara being $408500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.58%
If you compare the increase in value of investment property in Lara, 3212 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.10%.
Lara,3212 was ranked 829 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Lara are currently offering property investors an average price cut of -4.86% below the asking price at the moment.
With the median price for a house in Lara being $292500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.33%