Lara, 3212 ranked 290th in VIC when comparing growth in median property values or capital gain over the last 12 months. Lara is one of 2098 in our list for VIC
Comparing Lara,3212 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.33% offered to property buyers. Sellers in Lara itself are offering an average vendor discount of -2.68% to real estate investors.
At number 37 in a list of fastest selling suburbs, Lara is in the TOP 10% of suburbs in Australia with an average of days on market 7.29 for properties listed there.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.97%, investors should hope to achieve an overall return of 4.35%
Lara has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.64% to date .
The five-year average increase in median property values for Lara,3212 has given property investors a potential capital gain of 23.09% across each of those five years.
Advertised rents are around the $300 mark per week – giving a return of 4.90% based on the median price in Suburb