Lara, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Lara
VICCensus 2021 · Population 19,017
Lara is a family-oriented suburb with a population of 19,017, characterized by a median age of 37, slightly younger than the Victorian average of 38. The suburb has a higher percentage of males (52.1%) compared to females (47.9%). Families are a significant part of the community, with 47.5% of households being couples with children and 36.2% being couples without children. The suburb has a strong owner-occupied housing market, with 76.1% of homes owned outright or with a mortgage, compared to the Victorian average of 68.3%.
Key Highlights
- Above average household income - median weekly income of $1,969 (vs VIC $1,759)
- High proportion of separate houses - 89.5% (vs VIC 73.4%)
- Low unemployment rate - 4.1% (vs VIC 5.0%)
- Strong family presence - 47.5% of households are couples with children
- High percentage of English spoken at home - 80.2%
Things to Consider
- Lower percentage of residents with bachelor's degrees - 17.3% (vs VIC 29.2%)
- Limited public transport options - only 2.8% use public transport
- Higher percentage of residents with health conditions - 45.8% report having a condition
- Lower cultural diversity - 79.5% born in Australia (vs VIC 65.0%)
What's it like living here?
Daily life in Lara is characterized by a strong community feel, with a high percentage of family households (77.0%). Commuting is primarily by car, with 61.4% of residents driving to work, while public transport usage is low at 2.8%. The suburb has a relatively high work-from-home rate of 18.0%, though this is below the Victorian average of 25.7%.