FOR SALE
UNDER CONTRACT

425-455 Forest Rd S
Lara VIC 3212

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 607028m2
Land area: 150ac
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UNMATCHED 150-ACRE PROPERTY WITH SCENIC VIEWS AND STRATEGIC LOCATION IN LARA!!

Raine & Horne Land Victoria proudly presents a unique sale of 150 acres prime land with most beautiful views of the You Yang Ranges in Lara. 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. The area's designation for greenfield urban expansion under the Greater Geelong Planning Scheme aligns with broader regional development goals. This includes the development of new residential, commercial, and community infrastructure designed to support a growing population.
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:
• Land Size approx. 150 Acres (Farming Zone)
• Convenient access to Princes Freeway, Geelong Ring Road, and Bacchus Marsh Road
• Minutes from Lara township with vibrant community
• 10 minutes to Avalon Airport
• 20 minutes to Geelong city centre
• 35 minutes to from some of Australia's best surf beaches
• 40 minutes to Melbourne CBD
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Property Details for 425-455 Forest Rd S, Lara

Building Type
Commercial
Floor Size
607028m2
Land Size
150ac

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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 10,751 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:

  • The median value for Houses in Lara is $711,474 while the median value for Units is $457,228.
  • Houses have a median rent of $550 while Units have a median rent of $420.
There are currently 106 properties listed for sale, and 21 properties listed for rent in Lara on OnTheHouse. According to CoreLogic's data, 431 properties were sold in the past 12 months in Lara.

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Rizul Sharma
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Raine & Horne Land Victoria
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