Over the last year, property investments in Lara, 3212 have given investors a capital gain of 10.81%. This compares averagely with the 9.78% for VIC as a whole.
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.
LACK OF BUYER INTEREST may well be the reason that Lara is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 400th in terms of most discounted suburbs in VIC
Lara is 169th on a list of best yielding suburbs for rents in VIC with a 4.57% return
Property value increases in Lara have tracked just lower than the VIC average of 4.83% over the last 12 months.
Lara,3212 has offered an average of 1.36% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Lara are currently offering property investors an average price cut of -4.68% below the asking price at the moment.
The VIC suburb of Lara, 3212 is in the Greater Geelong local government area.