47 Majestic Way

Lara VIC 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 10,815 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.