Lorn

POSTAL CODE: NSW, 2320

HOUSE

LORN ranks 257th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -0.9% for the past year is lower than average compared to its 38.8% growth within a five-year period.

Also in LORN, the median home price is sitting at $1,100,000, and the average rent at $695, this suggests property owners could potentially earn a 3.29% increase in gross rental yield.

Property investors have seen a 18.28% gain in LORN based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.91% growth over a ten-year period. It ranks 35th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,100,000	N/A
Growth Report
Median Quarterly	18.28%	N/A
Median 12 month	-0.9%	N/A
Median 3 years	4.76%	N/A
Median 5 years	38.8%	N/A
10 years average annual	9.91%	N/A
Weekly media advert. rent	$695	N/A
Time on Market	100.9 days	N/A
Gross Rental Yield Percent	3.29%	N/A

Demographics (Median Values)*

Total Population 34556

Weekly Household Income 1451

Household Size 2.70

Average Age 36

Monthly Loan Repayment 1800

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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