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Lara VIC 3212

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Land area: 5ac
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Remarkable opportunity in one of Victoria's booming growth areas

The Agents Commercial proudly presents 5 Acres of land within the approved and rapidly growing Lara West growth area.
A remarkable piece of land well suited to developers, land bankers and investors alike, this property could be an excellent opportunity for you.
Location: The land is situated in a prime development location and is easily accessible to amenities, located within the approved Lara West Precinct Structure Plan area with designated use for residential land development.
Property Features:
• 5 acres* total land area
• Located within the Approved Lara West PSP
• Urban Growth Zone - Schedule 6
• Neighbouring major developments by Villawood, Austin Land & Bisinella
• Quick Access to Freeway with ample routes to Victoria's metropolitan and regional areas
• 8 minutes drive to Lara Train station & Shopping Centre.
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Property Details for Contact Agent For Address, Lara

Building Type
Land
Land Size
5ac

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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 10,750 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.

Suburb Insights for Lara 3212

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Osman Shagarai
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.