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Lorn
AREA REPORTS

Lorn

Lorn - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2320

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LORN ranks 504th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 15.69% for the past year is higher than average compared to its 76.11% growth within a five-year period.

Also in LORN, the median home price is sitting at $792,500, and the average rent at $467.5, this suggests property owners could potentially earn a 3.07% increase in gross rental yield.

Property investors have seen a 1.93% gain in LORN based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on LORN, 2320 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.69%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.81% growth over a ten-year period. It ranks 1320th on our list of suburbs that property investors should look into.

Data report can be found below

Lorn
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $792,500 N/A
GROWTH REPORT
Median Quarterly 1.93% N/A
Median 12 month 15.69% N/A
Median 3 years 25.79% N/A
Median 5 years 76.11% N/A
10 years average annual 5.81% N/A
Weekly media advert. rent $467.5 N/A
Time on Market 85.4 days N/A
Gross Rental Yield Percent 3.07% N/A
demographics (median values)*
Total Population
34556
Weekly Household Income
1451
Household Size
2.70
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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