Suburb Profile Report for Lorn NSW (2320)

Lorn House: Median price $535,000, Annual capital growth 4.03%, Number of sales 40, Weekly median advertised rent $398

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Lorn has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 20.22% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Lorn comes in at number 913th in NSW.

Our latest figures would indicate that property sellers in Lorn are currently offering property investors an average price cut of -4.62% below the asking price at the moment.

A $397.5 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 4.03%.

Metrics i HOUSE UNIT
$535,000 N/A
4.39% N/A
20.22% N/A
4.03% N/A
$398 N/A
40 N/A
3.86% N/A
88.33 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1263
Median household income ($/weekly) 1402
Median age of persons 42
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 196 15.5
    25-34 years 113 8.9
    35-44 years 189 15.0
    45-54 years 188 14.9
    55-64 years 162 12.8
    Others 416 32.9
    Age Group
    Census Count Percent(%)
    Registered Married 498 53.2
    Not Married 365 39.0
    Defacto Relationship 73 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1077 88.6
    New Zealand 6 0.5
    Papua New Guinea 20 1.6
    United Kingdom 57 4.7
    Other 25 2.1
    Others 30 2.5
    Country of Birth
    Census Count Percent(%)
    Christianity 885 75.3
    No Religion 270 23.0
    Buddhism 11 0.9
    Other Religious Groups 6 0.5
    Islam 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 42 9.4
    $600-$799 40 9.0
    $800-$999 36 8.1
    $1,500-$1,999 42 9.4
    $2,500-$2,999 56 12.6
    Others 229 51.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 392 41.1
    Not in the labour force 309 32.4
    Employed, worked part-time 203 21.3
    Employed, away from work 31 3.3
    Unemployed, looking for work 18 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 79 12.6
    Professionals 188 29.9
    Technicians & trades workers 84 13.4
    Clerical & administrative workers 72 11.5
    Sales 65 10.4
    Others 140 22.3
    Occupation
    Census Count Percent(%)
    Pre-school 31 9.0
    Infants/Primary 130 37.6
    Secondary 70 20.2
    Technical or Further Educational Institution 29 8.4
    University or other Tertiary Institutions 69 19.9
    Others 17 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1161 94.7
    Flat, unit or apartment 40 3.3
    Semi-detached, row or terrace house, townhouse 21 1.7
    House or flat attached to a shop, office 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 212 44.1
    Being purchased 179 37.2
    Rented 90 18.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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