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Lorne

POSTAL CODE: VIC, 3232
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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 $1,900,000.

The downward trend in home prices in LORNE, 3232 averaged -3.17% per annum over a 3-year period.

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

An average of 3.75 real estate transactions take place per month in LORNE which translates to 45 per annum.

45 properties were sold in LORNE in 2016, making it the 216th most active market in VIC based on total real estate transactions.

LORNE, 3232 places 582nd in Australia based on median property value growth during the quarter.

Surburb overview

Lorne is a coastal town in Victoria, located approximately 140 kilometres south-west of Melbourne’s central business district and about 45 kilometres south-west of Geelong. It lies along the Great Ocean Road within the Surf Coast Shire local government area, positioned between Aireys Inlet and Wye River. The suburb is set between the Otway Ranges and Bass Strait, offering a distinctive landscape of steep, forested hills meeting the coastline.

Lorne has a population of around 1,200 residents, with significant seasonal increases during holiday periods. The demographic profile includes a mix of retirees, tourism-related workers and holiday homeowners, with a median age above the national average. Housing consists primarily of detached dwellings, including established homes, holiday houses and hillside properties, often designed to take advantage of coastal views.

Public transport options include bus services operating along the Great Ocean Road, connecting Lorne to Geelong and Apollo Bay. There is no direct rail access, and most residents and visitors rely on private vehicles.

Local amenities include a primary school, medical clinic, supermarket, retail shops and a range of hospitality venues that cater to both residents and tourists. Lorne functions as a service centre for surrounding coastal localities, particularly during peak holiday periods.

Recreational opportunities are closely linked to the natural environment, with Lorne Beach supporting swimming, surfing and fishing. The nearby Great Otway National Park provides walking tracks, waterfalls and opportunities for hiking and wildlife observation. The Erskine Falls and other inland attractions contribute to year-round visitation.

Land use in Lorne is shaped by its tourism role and environmental constraints, with planning controls aimed at managing development, protecting native vegetation and addressing bushfire risk while maintaining the town’s coastal and scenic character.

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