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AREA REPORTS

Lorne

Suburb Profile

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

house
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 $1,500,000.

The upward trend in home prices in LORNE, 3232 averaged 11.11% 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 4.08 real estate transactions take place per month in LORNE which translates to 49 per annum.

49 properties were sold in LORNE in 2016, making it the 208th most active market in VIC based on total real estate transactions.

LORNE, 3232 places 654th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,500,000 $720,000
GROWTH REPORT
Median Quarterly -4.91% 1.05%
Median 12 month 19.05% -2.54%
Median 3 years 33.33% 88.24%
Median 5 years 69.01% -6.49%
10 years average annual 8.2% 4.37%
Weekly media advert. rent N/A N/A
Time on Market 77.0 days 61.9 days
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
969
Weekly Household Income
806.6
Household Size
2.20
demographics
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