Thinking about buying in Lara? Now could not be a better time, with 11507 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $907,000 with prices in this suburb ranging from $233,000 to $29,571,000. Lara is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Lara Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Lara driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Lara are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Lara provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Lara requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Lara 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 Lara a better buying opportunity than it may have been in the past.

Houses for sale Lara

	36 reflections cr, lara, vic, 3212	4	3	2	$1,290,000 - $1,410,000
	375 bacchus marsh rd, lara, vic, 3212	4	2	2	$2,900,000-$3,100,000
	4 newell st, lara, vic, 3212	3	1	3	$560,000-$580,000
	24 derwent st, lara, vic, 3212	4	2	2	$725,000 - $785,000
	10 glenoe dr, lara, vic, 3212	4	2	2	1800000

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General Points of Interest

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