lara

3212, Victoria

Real Estate & Property Information

Median
Price Rank
445

lara Suburb Profile & Review

Lara is a regional township located in the shadow of the stunning You Yang ranges, approximately twenty minutes north of Geelong and forty-five minutes south of Melbourne. It is rapidly expanding as a commuter hub due to its position between both cities. V/Line trains provide a convenient means of public transport from Lara Station.

There are four primary schools, including St Anthony's Primary School and Lara Lake Primary School. Avalon College is a specialised boarding school that prepares international students for life in English speaking primary and secondary schools.

The town is perhaps most famous as a filming location for the iconic Mad Max. Its centre boasts a Safeway supermarket, retail shops, restaurants and cafes such as Xpresso Cafe Lounge and Bar. The Serendip Sanctuary offers stretches of grassland, picnic grounds and scenic walking tracks. The outer fringes of town are purely industrial. Avalon Airport can be found to the east, while automotive research and testing is conducted at the Ford Australia Proving Ground. There are also two correctional facilities, HM Prison Barwon and Marngoneet Correctional Centre.

lara Demographic Data

$ 345,000 Median House Price

47 Minutes Average Commute

36 Median Age

13,846 Population

48.55 % Female

51.45 % Male

3725 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 lara, Victoria.

Learn more about data
X

lara 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.

lara Median House Prices

  • 2008 $ 275,000
  • 2009 $ 282,000
  • 2010 $ 295,000
  • 2011 $ 330,000
  • 2012 $ 345,000

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.

Learn more about data
X

lara 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 lara 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 lara property price predictions.

lara Market Property Types

  • 93 % Seperate House
  • 3 % Semi Detached
  • 4 % 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.

Learn more about data
X

lara 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.

lara Income & Mortgage Stats

  • $ 1,399 Median Weekly Household Income
  • $ 1,625 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 lara

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.

Learn more about data
X

lara 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.

lara Sold Property Prices

lara 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.

lara Related Local Blog Posts

Purchase Analysis Paper and Get Perfect Outcomes

Purchase Analysis Paper and Get Perfect Outcomes Statistics and studies also show that tens of thousands of pupils into the US pay for research paper solution every semester. Ah, those dreaded research papers! Just just What wouldn’t you are doing to have them done easy and quick? Just the idea that you need to compose

Is Studying Short I Need Someone To Write My Essay For Me Courses Online Useful While in University? 

Is Studying Short Courses Online Useful While in University?  Learning write essay for me can be an part that is integral of’s life. Learning means educating your self in various means. Short online courses are gaining in popularity. Choosing short courses online could be the best way to enhance your abilities rapidly. These courses are

How exactly to earn money While in College Do Programming Homework For Money: 12 Ingenious Hacks for Students 

How exactly to earn money While in College: 12 Ingenious Hacks for Students  College definitely features a complete lot of additional expenses, regardless of your college’s location. High tuition costs and student loans are two associated with factors that are major can dilute your do my homework finances. For hardworking students, nonetheless, you will find

What You Don’t Know About Calculus Assignment Help

The Start of Calculus Assignment Help Whispered Calculus Assignment Help Secrets The team at Instant Assignment Help is totally devoted to offering the ideal online assignment writing services to the students based in the usa, UK, UAE, Malaysia and several other nations across the world. Regardless of what genre you would like Business Studies, Microeconomics,

Fast Guide To Dating Russian women you may find what you just’ve been seeking

Fast Guide To Dating Russian women you may find what you just’ve been seeking Cultural Dating Differences To Bear In Mind Did you understand it’s considered exceptionally insulting to place sodium on your own meals in Egypt? Or just just what about this it’s considered unlucky into the Netherlands to provide some body a razor-sharp

Proposal Argument Essay Outline How To

Domestic violence can necessarily mean a array of behaviors and some may perhaps not be usually violent and could fall beneath domestic abuse. Investigate has indicated that 1 in four women of all ages face domestic violence in their life span and normally takes place when the abuser has a drive for ability and handle

Local Place Coming Soon

Find out How Much your House is Worth in lara

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

Download Free Market Report
Share with friendsX