Lara VIC 3212

Here you can find what you need to know about Lara, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$518k Median Sale Price (National Average $485k) 438th In VIC
15.37% Median Price Change (1 yr) (National Average 4.30%) 85th In VIC
$400pw Median Rent (National Average $395) 340th In VIC
4.0% Median Gross Yield (National Average 4.24%) 184th In VIC
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Properties sold 233
Average discounting -3.94%
Average Days on Market 34
Stock on Market 56 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Lara, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Lara, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Lara, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Lara


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State Auction Clearance Rates - June 2019

Auctions Clearance rate
VIC 724 65%
ACT 39 49%
NSW 534 66%
NT 4 0%
QLD 93 40%
SA 80 47%
WA 35 35%

Local Schools


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Suburb Information

Lara, VIC 3212

Part of: Greater Geelong Council No data available

The size of Lara is approximately 89.5 square kilometres. It has 13 parks covering nearly 0.8% of total area. The population of Lara in 2011 was 13,845 people. By 2016 the population was 16,375 showing a population growth of 18.3% in the area during that time. The predominant age group in Lara is 40-49 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation. In 2011, 76.8% of the homes in Lara were owner-occupied compared with 75.1% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Lara

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Lara   for Houses in last 12 months


There have been 230 Houses sold in Lara in the past 12 months with a median sale price of $525K, up 16.67% annually. It takes on average 37 days to sell with vendor discounting of -4.22%.

Streets in Lara


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Grovedale VIC, 3216 11.94% $497,000 $390pw 4.1% View Suburb Profile
East Geelong VIC, 3219 4.46% $615,000 $390pw 3.3% View Suburb Profile