Auction Times
Sat 4 May | Auction Time | Agency | |
|---|---|---|---|
 | 5 Bernard Court 3 2 6 House | 10:30 AM Sat 4th May | Ray White |
Tue 7 May | Auction Time | Agency | |
|---|---|---|---|
 | 75 Curletts Road 3 2 2 Acreage/semi-rural | 5:00 PM Tue 7th May | Ray White |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $1,900,000 | 256 |
| 2024 | $690,000 | -3.6% | $380,000 | $2,355,000 | 94 |
Median Sale Price
$700K
Based on 284 recorded sales within the last 12 months
Updated on 24 Apr 2024
Suburb Growth
-0.7%
Current Median Price: $700,000
Previous Median Price: $705,000
Based on 552 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | 185 |
| 2021 | $460 | +3.3% | $200 | $950 | 272 |
| 2022 | $500 | +8.0% | $200 | $900 | 284 |
| 2023 | $530 | +5.7% | $190 | $1,200 | 317 |
| 2024 | $550 | +3.6% | $220 | $950 | 68 |
Median Rent Price
$540
per week
Based on 301 recorded rent within the last 12 months
Updated on 24 Apr 2024
Rent Price Growth
+5.6%
Current Median Rent: $540
Previous Median Rent: $510
Based on 602 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4%
Current Median Price: $700,000
Current Median rent: $540
Based on 585 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Lara
Houses sold in Last 12 months ends 20 Apr 2024
$730K
Median Sale Price
85%
Clearance Rate
32/38
Sold/Reported
$1.27M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M | 7 | |
| $600 K - $800 K (Median Price Range) | 21 | |
| $400 K - $600 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 |