Raine & Horne Land Victoria proudly presents a unique sale of 40 acres prestigious land with most pleasurable views of the You Yang Ranges in Lara with house on property. The property is situated right next to Avalon Growth Corridor boundary. The Geelong region is experiencing significant growth, as outlined in the G21 Regional Growth Plan, which forecasts an increase in population, employment opportunities, and tourism over the next four decades. Lara is strategically positioned to accommodate a portion of this growth. Alongside Armstrong Creek to the south of urban Geelong and select areas of the Bellarine, Lara has been earmarked for greenfield urban expansion within the Greater Geelong Planning Scheme.
The Lara West Precinct Structure Plan (PSP) aims to accommodate approximately 11,000 residents in about 4,000 new homes. It includes a $37 million investment in roads, community facilities, and sports grounds in Lara West. The plan also features an employment area expected to create 300 jobs, a central hub with amenities supporting 185 ongoing positions, three new schools, community services, sports facilities, parklands, walking trails, and other necessary infrastructure.
Property Features:
Call Kevin Paghdar on +61 426 510 510 Or Jasdeep Singh on +61 413 959 608 today for further enquiries.
Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist
The size of Lara is approximately 89.5 square kilometres. It has 45 parks covering nearly 6.7% of total area. The population of Lara in 2011 was 13,845 people. By 2016 the population was 16,375 showing a population growth of 18.3% in the area during that time. The predominant age group in Lara is 40-49 years. Households in Lara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lara work in a professional occupation. In 2011, 76.8% of the homes in Lara were owner-occupied compared with 75.1% in 2016.
Lara has 10,753 properties. Over the last 5 years, Houses in Lara have seen a 30.80% increase in median value, while Units have seen a 29.55% increase. As at 30 September 2024:
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