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Investment Property Lara, VIC, 3212

Suburb Snapshot

Lara is a suburb in the Greater Geelong Region of Victoria. Lara has a population of 16,354 people and 20.46% of its occupants live in rental accommodation. The median listing price for houses is $679,000 and this has changed -1.60% over the past year and changed -2.03% over 2 years.

The median rent in Lara for houses is $550 per week and the median rental yield is 4.21%. Stock on the market for houses/townhouses has changed -2.05% compared to last year and the average time to sell a house/townhouse is 220 days.The median listing price for units is $439,000 and this has changed -1.79% over the past year. The average unit takes 92 days to sell and the median rent for a unit in Lara is $400 per week, producing a rental yield of 4.73%.

Supply & Demand in Lara, Greater Geelong

0.48%

Current vacancy rate


47

Rental stock available


16,354

Population


20.46%

Rental population


0.89%

Current vacancy rate


1,311

Rental stock available


233,426

Population


23.30%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Lara, Greater Geelong

  House Townhouses Units
Median listing price $679,000 $561,500 $439,000
Median price change - last quarter -0.81% -0.45% 0.00%
Median price change - 1 year -1.60% 4.95% -1.79%
Median price change - 2 years -2.03% 12.52% NA
  House Townhouses Units
Median weekly rent $550 $445 $400
Median yield % 4.21% 4.12% 4.73%
Median rent change - 1 year 5.76% 3.48% -2.44%
  House Units
Previous month sales 34 0
Stock on market previous month 334 3
Stock variance vs. last year -2.05% -66.67%
Average days on market 220 92

Lara investment property listings

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