Lalor

Lalor, VIC 3075, with a population of over 23,000, has a diverse age distribution with significant numbers in the age groups of 20-44 years. The suburb showcases a balanced mix of occupations, including professionals, technicians, and community service workers. The area offers various commuting options, with a notable percentage working from home. Lalor has a median weekly household income of $1,348 and a mix of transport options for residents. For house investors, Lalor presents as a suburb with a healthy housing market. The sale prices show stable growth over the years with a moderate IQR ratio, suggesting a balanced market. The suburb has a reasonable market absorption rate and room demand-supply ratio. For unit investors, Lalor offers strong growth potential with a higher median growth rate than houses and a lower discount median. The suburb has a low vacancy rate, indicating consistent rental demand. Lalor, VIC 3075, is a vibrant suburb with diverse demographics and a balanced mix of occupations. With good potential for both house and unit investors, the area's stable housing market and strong growth indicators make it an attractive choice for property investment. The suburb's convenient commuting options and affordability add to its appeal for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022