Lorn

POSTAL CODE: NSW, 2320

HOUSE

LORN ranks 983rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 2.79% for the past year is lower than average compared to its 27.01% growth within a five-year period.

Also in LORN, the median home price is sitting at $1,105,000, and the average rent at $750, this suggests property owners could potentially earn a 3.53% increase in gross rental yield.

Property investors have seen a -1.78% drop in LORN based on a decrease 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 9.73% growth over a ten-year period. It ranks 140th 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	$1,105,000	N/A
Growth Report
Median Quarterly	-1.78%	N/A
Median 12 month	2.79%	N/A
Median 3 years	15.71%	N/A
Median 5 years	27.01%	N/A
10 years average annual	9.73%	N/A
Weekly media advert. rent	$750	N/A
Time on Market	99 days	N/A
Gross Rental Yield Percent	3.53%	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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