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 18.89%
Lorn,2320 was ranked 989 in Australia by increase in median property value over the quarter.
Property buyers and investors in Lorn 2320 should be seeing an average reduction in asking price of around -4.52% . This means that Lorn is holding prices well when compared to other suburbs in NSW.
In the last year 40 properties changed hands in Lorn, which puts it as the 795th most active market in NSW when comparing the number of sales per suburb.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 5.06%.