Lalor is a large suburb in Victoria within the Whittlesea local government area (postcode 3075). With a population of 23,219, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are Italian, Australian, English.
The median house price in Lalor is $700,000, having increased 2.9% over the past year. Units have a median price of $514,000 (-4.6% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,775.
Lalor is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 998, which is around the national average of 1,000. Public transport access includes 15 rail stations, 61 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Lalor offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +2.9% year-on-year.
Lalor is a large suburb in Victoria within the Whittlesea local government area (postcode 3075). With a population of 23,219, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $70K per year, with an average household size of 2.8 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are Italian, Australian, English.
The median house price in Lalor is $700,000, having increased 2.9% over the past year. Units have a median price of $514,000 (-4.6% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,775.
Lalor is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 998, which is around the national average of 1,000. Public transport access includes 15 rail stations, 61 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Lalor offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +2.9% year-on-year.