31 Bruce Street,
Lalor VIC 3075

About Lalor

With an average age of 42, households expect an average monthly mortgage payment of $1,600 or a weekly rent payment of $351. The average family earns a weekly income of $1,430 with a typical household size of 2.5 and a 96.55% employment rate.

Consistent high demand relative to supply is a key feature in Lalor driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Lalor due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Lalor changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Lalor necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Lalor we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Lalor a better buying opportunity than it may have been in the past.

Public Transport

Lalor Thomastown Stop 67: Bundoora Square Shopping Centre Stop 67: Bundoora Square Shopping Centre Stop 68: Greenhills Road Ruthven Stop 71: RMIT Bundoora Campus Stop 71: RMIT Bundoora Campus Upfield Reservoir

General Points of Interest

Corpus Christi Tennis Club Strathallan Golf Club Cambellfield Plaza Olympic Leisure Foundation Square Pentridge Prison Main Gate Nets Stadium Banyule Northland Shopping Centre YMCA Macleod Recreation and Fitness Centre La Trobe University (Bundoora Campus)

Population

(Country of Birth not stated 7%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Lalor East Primary School Lalor Secondary College

• St John XXIII Primary School

  Thomastown, VIC, 3074 Independent Prep-6

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• Lalor North Secondary College

  Epping, VIC, 3076 State 7-12

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• Lalor Secondary College

  Lalor, VIC, 3075 State 7-12

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• Lalor Primary School

  Lalor, VIC, 3075 State Prep-6

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website