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Lara suburb profile

Lara is a semi-rural town on Geelong’s northern fringe framed by the granite ridges of the You Yangs and riverine wetlands, giving it a strong outdoors feel popular with walkers, cyclists and birdwatchers. The centre has a compact village strip with everyday shops and community facilities while surrounding streets mix older weatherboard homes with newer suburban estates and larger hobby farms on the outskirts. Commuters use the local railway station on the Geelong line and the nearby Princes Freeway, and residents enjoy easy access to regional parks, local sporting clubs and the quieter lifestyle of country living within reach of larger centres.

Lara property market performance

Current median dwelling price$661,500Past 3 months

Property growth+12.8%Past 12 months

Lara has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. The median house price is $739,500, up a solid 5.2% over the last 12 months. Unit values rose sharply, up 20.3% over the last 12 months, so unit values grew more strongly than house values.

Over the last 3 months 117 houses and 4 units were sold. Houses sold in a median of 30 days over the last 12 months and units in a median of 25 days, so both property types sold in a similar time.

The rental market in Lara saw house rents average $570 a week and unit rents average $460 a week over the last 12 months. House rents rose a modest 3.6% and unit rents rose a modest 4.5% over the last 12 months, so rents moved at a similar pace.

HousesUnits
Median price
Past 3 months
$740KN/A
Change in value
Past 12 months
5.2%20.3%
Sold
Past 3 months
1174
Median days on market
Past 12 months
3025
Average rent
Past 12 months
$570$460
Change in rent
Past 12 months
3.6%4.5%

5 year median price trend for houses and units

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Lara demographics

Lara is a community of 19,014 people with a median age of 37. The typical household earns $1,969 a week, roughly $102,400 a year.

Families are dominated by couples: 47.5% are couple families with children and 36.2% are couple families without children, together making up 83.7% of families. One-parent families account for 15.2%, while other families represent 1.1%.

In Lara, owner-occupiers are the majority, comprising 77.9% of homes, with 31.2% owned outright and 46.7% owned with a mortgage. Renters make up 22.1%, so owner-occupiers outnumber renters by roughly three to one.

Suburbs near Lara

Some popular suburbs near Lara include:

  • Corio: a bayside suburb centred on Corio Bay with industrial and residential areas.
  • North Shore: a port-side neighbourhood mixing industry and housing beside the waterfront.
  • Lovely Banks: an elevated, semi-rural suburb with countryside outlooks towards the You Yangs.
  • Norlane: a mid-century residential suburb of modest homes and several community parks.
  • Bell Post Hill: a leafy suburb of family homes and sporting reserves for local recreation.

How does Lara compare to nearby suburbs?

  • Median house prices: Lara’s median house price is 22.2% higher than Corio’s.
  • House price growth: Over the past 12 months, house prices in Lara have grown 5.6% higher than in North Shore.
  • Unit price growth: Over the past 12 months, unit prices in Lara have grown 1.0% higher than in Corio.
  • Selling speed for houses: Properties in nearby Corio are selling 50.0% faster than in Lara.
  • Selling speed for units: Properties in nearby Corio are selling 56.0% faster than in Lara.
  • Investment considerations: In Lara, the rental yield for house is 10.1% lower than the Melbourne average, while the rental yield for units is 22.0% lower.
  • House price growth: Over the past 12 months, house prices in Lara have grown 30.7% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Lara have grown 10.1% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Lara

In Lara ,115 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 41.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.5%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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