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305 Mill Road
Lara VIC 3212

Bedrooms: -
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Land area: 160ac
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160 Acres in LARA STRATEGICALLY POSITIONED to directly connect AVALON AIRPORT and surrounding EMPLOYMENT PRECINCT

Raine & Horne Land Victoria is proud to present this land parcel of approx. 160 acres in the Farming Zone in one of the fastest growing corridors of Melbourne & in the Heart of Lara. This property is strategically positioned in the close vicinity of upcoming station that would connect to Avalon Airport and Greater Avalon Employment Precinct.
Lara is a town in Victoria, 18 km north-east of the Geelong CBD, inland from the Princes Freeway to Melbourne.
The G21 Regional Growth Plan provides a strategic land use and growth framework to manage population growth of the region to 500,000 by 2050. The Plan identifies Avalon Airport and surrounds as an 'employment growth' opportunity and the development of a national transport and logistics precinct which includes and connects Avalon Airport, the Port of Geelong and the Geelong Ring Road Employment Precinct to maximise efficiencies in freight movement. This includes improving road and rail access to and from existing broad and standard gauge rail networks and major roads, including the Princes Freeway and the Geelong Ring Road.
Lara is well-placed to accommodate some of this growth. Together with Armstrong Creek to the south of urban Geelong and parts of the Bellarine, the township of Lara is designated for green field urban growth in the Greater Geelong Planning Scheme.
Key Insights
• Part of Avalon Growth Corridor
• Size - 160 Acres approx.
• Zone - Farming Zone
• Property sits right next to Rural Living Zone
• Quick Access to Freeway
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Property Details for 305 Mill Rd, Lara

Building Type
Commercial
Land Size
160ac

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About Lara 3212

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 10,816 properties. Over the last 5 years, Houses in Lara have seen a 31.15% increase in median value, while Units have seen a 34.63% increase. As at 31 August 2024:

  • The median value for Houses in Lara is $712,287 while the median value for Units is $466,748.
  • Houses have a median rent of $550 while Units have a median rent of $420.
There are currently 111 properties listed for sale, and 15 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 435 properties were sold in the past 12 months in Lara.

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Kevin Paghdar
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Sagar Bhaliya
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Raine & Horne Land Victoria
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