VIC has seen average median house prices change by 8.12% which means that Lara, 3212 has done well for property investors by showing a capital gain of 7.30% over the last year
The five-year average increase in median property values for Lara,3212 has given property investors a potential capital gain of 9.72% across each of those five years.
The most recent median price for Lara is $389500, with sellers offering an average of -4.63% off the asking price.
In the last year 234 properties changed hands in Lara, which puts it as the 89th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.82%, investors should hope to achieve an overall return of 4.81%
VIC has seen average median house prices change by 2.98% which means that Lara, 3212 has done well for property investors by showing a capital gain of -3.46% over the last year
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.
The most recent median price for Lara is $286250, with sellers offering an average of -6.02% off the asking price.
Residents and property investors in Lara have been waiting around 73.39 days to sell a property.
Renters in Suburb are facing rents around $3510 per annum or $292.5 every week.