AREA REPORTS

Lorne

 

 

VIC/
Lorne

Suburb Profile

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

house
unit

LORNE, 3232 ranks 1968th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 2.22% 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 $1,150,000.

The upward trend in home prices in LORNE, 3232 averaged 9.86% 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 4.42 real estate transactions take place per month in LORNE which translates to 53 per annum.

53 properties were sold in LORNE in 2016, making it the 173rd most active market in VIC based on total real estate transactions.

LORNE, 3232 places 83rd 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 $1,150,000 $650,000
GROWTH REPORT
Median Quarterly 4.55% 0%
Median 12 month 2.22% N/A
Median 3 years 29.58% N/A
Median 5 years 43.3% N/A
10 years average annual 4.66% N/A
Weekly media advert. rent N/A N/A
Time on Market 101.8 days 107.8 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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