Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $310,500 | 0.0% | $135,000 | $915,000 | 227 |
| 2010 | $345,000 | +10.0% | $200,000 | $1,385,000 | 274 |
| 2011 | $360,000 | +4.2% | $230,000 | $907,000 | 223 |
| 2012 | $369,000 | +2.4% | $228,000 | $900,000 | 206 |
| 2013 | $367,000 | -0.5% | $32,000 | $910,000 | 241 |
| 2014 | $390,000 | +5.9% | $105,000 | $950,000 | 292 |
| 2015 | $380,000 | -2.6% | $195,000 | $1,330,125 | 226 |
| 2016 | $405,000 | +6.2% | $185,000 | $1,100,000 | 271 |
| 2017 | $450,000 | +10.0% | $220,000 | $1,600,000 | 265 |
| 2018 | $535,000 | +15.9% | $215,000 | $2,200,000 | 237 |
| 2019 | $540,000 | +0.9% | $1,000 | $1,500,000 | 267 |
| 2020 | $565,000 | +4.4% | $263,000 | $1,700,000 | 220 |
| 2021 | $670,000 | +15.7% | $338,000 | $1,850,000 | 297 |
| 2022 | $705,000 | +5.0% | $410,000 | $2,500,000 | 316 |
| 2023 | $715,000 | +1.4% | $400,000 | $5,900,000 | 257 |
| 2024 | $690,000 | -3.6% | $380,000 | $2,355,000 | 336 |
Median Sale Price
$690K
Based on 338 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-3.6%
Current Median Price: $690,000
Previous Median Price: $715,000
Based on 597 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $320 | 0.0% | $230 | $475 | 190 |
| 2012 | $340 | +5.9% | $135 | $650 | 218 |
| 2013 | $340 | 0.0% | $155 | $656 | 244 |
| 2014 | $340 | 0.0% | $215 | $530 | 153 |
| 2015 | $350 | +2.9% | $165 | $550 | 254 |
| 2016 | $360 | +2.8% | $200 | $650 | 213 |
| 2017 | $390 | +7.7% | $200 | $890 | 217 |
| 2018 | $420 | +7.1% | $250 | $1,000 | 207 |
| 2019 | $430 | +2.3% | $170 | $900 | 229 |
| 2020 | $445 | +3.4% | $300 | $750 | 186 |
| 2021 | $460 | +3.3% | $200 | $950 | 272 |
| 2022 | $500 | +8.0% | $200 | $900 | 285 |
| 2023 | $530 | +5.7% | $190 | $1,200 | 317 |
| 2024 | $560 | +5.4% | $200 | $1,200 | 284 |
Median Rent Price
$560
per week
Based on 288 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+5.4%
Current Median Rent: $560
Previous Median Rent: $530
Based on 604 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $690,000
Current Median rent: $560
Based on 626 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Lara
Houses sold in Last 12 months ends 21 Dec 2024
$1.1M
Median Sale Price
50%
Clearance Rate
2/4
Sold/Reported
$1.1M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M (Median Price Range) | 1 | |
| $600 K - $800 K | 1 | |
Similar Suburbs to Lara 3212
Based on median house sale price sold in last 12 months
Schools closest to Lara, VIC 3212
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Lara Secondary College | ALKARA AVLara 3212 | Secondary | Government | 0.59 km |
| Lara Primary School | 120 FLINDERS AVENUELara 3212 | Primary | Government | 0.67 km |
| Lara Lake Primary School | 89 FOREST ROAD SOUTHLara 3212 | Primary | Government | 1.4 km |
| St Anthony's Primary School | 90 KEES RDLara 3212 | Primary | Catholic | 1.67 km |