Lara is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3212). With a population of 19,014, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Lara is $678,000, having dipped slightly 1% over the past year. Units have a median price of $485,000 (-5.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,733.
Lara is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 9 rail stations, 51 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Lara offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($678K/$875K). The price-to-income ratio of 6.6x is considered moderate. House prices have moved -1.0% year-on-year.
Lara is a well-established suburb in Victoria within the Greater Geelong local government area (postcode 3212). With a population of 19,014, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $102K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Lara is $678,000, having dipped slightly 1% over the past year. Units have a median price of $485,000 (-5.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,733.
Lara is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 9 rail stations, 51 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Lara offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($678K/$875K). The price-to-income ratio of 6.6x is considered moderate. House prices have moved -1.0% year-on-year.