VIC/
Lorne

Suburb Profile

Lorne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3232

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unit

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 $1,207,000.

The upward trend in home prices in LORNE, 3232 averaged 15.29% per annum over a 3-year period.

Average weekly rents on listings have reached the $400 mark, reflecting a 1.72% increase in returns based on the current median price in LORNE.

An average of 4.25 real estate transactions take place per month in LORNE which translates to 51 per annum.

51 properties were sold in LORNE in 2016, making it the 180th most active market in VIC based on total real estate transactions.

LORNE, 3232 places 59th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,207,000 $567,500
GROWTH REPORT
Median Quarterly 7.29% N/A
Median 12 month 9.48% 2.71%
Median 3 years 45.86% -11.74%
Median 5 years 46.3% -0.44%
10 years average annual 5.76% 1.24%
Weekly media advert. rent $400 N/A
Time on Market 107.1 days 118.0 days
Gross Rental Yield Percent 1.72% N/A
demographics (median values)
Total Population
969
Weekly Household Income
806.6
Household Size
2.20
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Lorne, VIC
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