Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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|