lalor

3075, Victoria

Real Estate & Property Information

Median
Price Rank
388

lalor Suburb Profile & Review

Lalor is a lively melting pot of cultures located thirty minutes from the inner city. Serviced by Lalor Station on the Epping line, the area also has an extensive bus network. Services travel regularly to both Thomastown and Epping.

The Lalor Shopping Centre between Station Street and May Road consists of over 100 specialty stores and community centres including Coles, Australia Post and the Lalor Library. Its diverse food stalls provide a unique and busy market atmosphere merging European, Mediterranean and Asian cultures.

The Craigieburn Bypass Trail following the Hume Freeway provides facilities for recreational and commuting cyclists. Eight schools includingLalor East Primary School and Lalor Secondary College service the area.

lalor Demographic Data

$ 378,000 Median House Price

31 Minutes Average Commute

38 Median Age

19,873 Population

50.13 % Female

49.87 % Male

5677 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in lalor, Victoria.

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lalor Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

lalor Median House Prices

  • 2008 $ 267,300
  • 2009 $ 294,500
  • 2010 $ 334,015
  • 2011 $ 385,000
  • 2012 $ 378,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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lalor 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in lalor have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term lalor property price predictions.

lalor Market Property Types

  • 93 % Seperate House
  • 4 % Semi Detached
  • 3 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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lalor Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

lalor Income & Mortgage Stats

  • $ 920 Median Weekly Household Income
  • $ 1,574 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in lalor

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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lalor Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

lalor Sold Property Prices

lalor Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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lalor Restaurants

  • Vinh Long21 May Rd lalor VIC 30750411 456 078
  • Nacool's Pizza15 May Rdlalor VIC 307503 9464 6499
  • Golden Dragon BBQ & Seafood House18 May Roadlalor VIC 307503 9465 6918

lalor Cafes

  • Hanna Coffee163 Kingsway Drivelalor VIC 307503 9464 2053
  • Il Cappuccino330 Station Streetlalor VIC 307503 9465 1959
  • Lalor Kebab & Cafe6/6 Peter Lalor Walklalor VIC 307503 9465 5520

lalor Schools

  • St. Lukes Primary School1A David Streetlalor VIC 3075(03) 9465 2099Catholic Primary School
  • Merriang Special Developmental School - Secondary Campus11 Duncan Roadlalor VIC 3075(03) 9464 3011Specialist School
  • Open House Christian School70 Kingsway Drivelalor VIC 3075(03) 9464 6533Private School

lalor Childcare

  • Lalor Child Care Centre415 High Streetlalor VIC 3075

lalor Kindergarten and Preschools

  • Jacaranda Preschool118 Kingsway Drivelalor VIC 3075
  • Koori KindergartenKingsway Drlalor VIC 3075
  • Lalor East Preschool186 Darebin Drivelalor VIC 3075

lalor Sporting Centres and Clubs

  • Lalor Sports Centre, Lalor Reservelalor VIC 3075Athletics Club
  • Lalorlalor VIC 3075Bowling Club
  • Barry Road Tennis Clublalor VIC 3075Tennis Club & Courts

Find out How Much your House is Worth in lalor

Request a free market Basic Report for lalor to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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