Lara, VIC 3212

Lara, VIC 3212

Compare Part of Greater Geelong

53.95 km
Distance from CBD
12 k
Population

Auction Times

Tue 13 Oct
Auction Time Agency
31 Rigel Road
3 1 1 House
5:30 PM
Tue 13th Oct
Ray White
Median Sale Price
House
$555K
Updated on Aug 2020
2 BR
$434K
3 BR
$515K
4 BR
$591K
Unit
$365K
Updated on Aug 2020
1 BR
$265K
2 BR
$365K
3 BR
$380K
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
$344,384
+9.8% $200,000 $753,000 274
2011
$360,000
+4.3% $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
$385,000
+4.7% $105,000 $950,000 292
2015
$380,000
-1.3% $195,000 $1,330,125 226
2016
$404,000
+5.9% $185,000 $1,100,000 271
2017
$450,000
+10.2% $220,000 $1,600,000 265
2018
$535,000
+15.9% $215,000 $2,200,000 237
2019
$537,500
+0.5% $1,000 $1,500,000 264
2020
$560,000
+4.0% $263,000 $1,275,000 158
Median Sale Price
$555K
Based on 223 recorded sales within the last 12 months
Updated on 1 Oct 2020
Suburb Growth
+2.7%
Current Median Price: $555,000
Previous Median Price: $540,000
Based on 486 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Sep 2020)
Price Range Segments (12 months ending Sep 2020)
Median Weekly Rent Price
House
$430
Updated on Aug 2020
2 BR
$335
3 BR
$390
4 BR
$460
Unit
$330
Updated on Aug 2020
1 BR
$183
2 BR
$323
3 BR
$370
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
$385
+6.5% $200 $680 217
2018
$420
+8.3% $250 $1,000 206
2019
$420
0.0% $170 $900 228
2020
$445
+5.6% $300 $700 115
Median Rent Price
$445
per week
Based on 164 recorded rent within the last 12 months
Updated on 1 Oct 2020
Rent Price Growth
+5.6%
Current Median Rent: $445
Previous Median Rent: $420
Based on 404 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $555,000
Current Median rent: $445
Based on 387 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Sep 2020)

Auction Results For Lara

Houses sold in Last 12 months ends 26 Sep 2020

$579K

Median Sale Price

83%

Clearance Rate

53/64

Sold/Reported

$1.1M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1 M - $1.2 M 2
$800 K - $1 M 6
$600 K - $800 K 14
$400 K - $600 K
(Median Price Range)
27
less than $400 K 2

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