Property investors who have had real estate in Lorn, 2320 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 22.40%
Taking the average capital gain, or increase in median house value, Lorn,2320 has racked up an average of 22.40% over the period. This ranks it number 2454th in the whole country for real estate investors looking at median house price increases.
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.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
With the median price for a house in Lorn being $560000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.81%