Powered by MOMENTUM MEDIA
smart property investment logo
Lorne
AREA REPORTS

Lorne

Lorne - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3232

house
unit

LORNE, 3232 ranks 1008th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.67% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,960,000.

The upward trend in home prices in LORNE, 3232 averaged 22.51% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in LORNE.

An average of 2.92 real estate transactions take place per month in LORNE which translates to 35 per annum.

35 properties were sold in LORNE in 2016, making it the 305th most active market in VIC based on total real estate transactions.

LORNE, 3232 places 85th in Australia based on median property value growth during the quarter.

Data report can be found below

Lorne
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,960,000 $970,000
GROWTH REPORT
Median Quarterly 8.89% 2.65%
Median 12 month 30.67% 33.79%
Median 3 years 67.52% 53.36%
Median 5 years 111.32% 62.62%
10 years average annual 8.34% 8.65%
Weekly media advert. rent N/A N/A
Time on Market 65.2 days 82.7 days
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1114
Weekly Household Income
1257
Household Size
2.10
Age
53
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.