Investment property in Lorn has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.78%
While Lorn,2320 ranked number 911th in NSW for increase in median house value (annualised) increase, it is ranked 1152th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lorn, 2320. Typically our figures indicate that -4.49% is being offered, which puts this NSW suburb at 2743th most discounted overall in Australia.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 4.56%.