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Lara, VIC 3212
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$730,000
market range $675K-$850K
Median Unit
$560,000
market range $475K-$600K
Gross Yield (houses)
4.1%
1yr Growth (houses)
+6.8%
market range +2.5% to +20.0%
Investment snapshot for Lara
Lara has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lara market and investor summary
Lara (VIC 3212) runs a median house price of $730K, with houses yielding a gross 4.1%. House prices have moved +6.8% over the past year. At 1.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in Lara: people, income and schools
Lara is home to around 19,014 people, and the area has been growing steadily, up about 16% over five years. The median age is 39, broadly working-age, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $102,000 a year, or roughly $1,970 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 7.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 5 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 54 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 60 for walkability and 33 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 19,014
- +16% over 5yr
- Median age
- 39 years
- Median household income
- $102,000/yr
- Households renting
- 22%
- Family households
- 77%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1001
- Unemployment
- 3.8%
- Distance to CBD
- 54 km
- Walk score
- 60/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lara
View all →Frequently asked questions about Lara
What should I check before investing in Lara?
Lara has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +6.8% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lara?
The median property price in Lara, VIC 3212 is $730K for houses and $560K for units.
What rental yield does Lara show?
The gross rental yield in Lara is 4.1% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Lara?
House prices in Lara are up 6.8% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Lara?
The current vacancy rate in Lara is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Lara?
Lara has a population of approximately 19,014 residents, with a median age of 39.
What schools are near Lara?
There are 5 schools within roughly 5km of Lara. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lara affordable to buy in?
A median house in Lara costs about 7.1 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Lara's population growing?
The population of Lara has grown about 16% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Lara from the CBD?
Lara is about 54 km from the CBD.
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