Back to Suburb Insights
Lalor Park Suburb Insights
VICLocation Information
Suburb Name
Lalor Park, VIC
Distance from CBD
14.6 kmDemographics
Population
7,667
Median Income
$31,200
Area Information
Area
2.7 km²
Population Density
2840 people/km²
Property Market
Median Price
$955,048
Annual Growth
+12.5%Property Price Trend Analysis
Current Median Price
$955,048
Annual Growth
+12.5%
Quarterly Growth
+1.1%
Price Trends - Last 6 Months
2024-01
$1,023,681
+8.4%2024-02
$614,219
+6.1%2024-03
$702,122
+5.8%2024-04
$1,147,835
+12.8%2024-05
$533,273
+16.9%2024-06
$786,180
+15.1%Property Type Price Analysis
House
Median Price
$1,529,402
Growth Rate
+7.1%Available Listings
300 properties
Apartment
Median Price
$506,574
Growth Rate
+15.7%Available Listings
264 properties
Townhouse
Median Price
$844,308
Growth Rate
+17%Available Listings
134 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy