Investment property in Lara has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%
Across a shorter period, Lara, 3212 has seen a median price increase of -0.95% over the last quarter.
Property investors looking for a bargain in Lara should be aiming for at least -5.38% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $420 mark per week – giving a return of 4.20% based on the median price in Suburb
With a capital gain of 14.14% for the last 12 months, Lara, 3212 has performed for property investments than its average annual 3.95% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Lara comes in at number 71th in VIC.