At number 4008th in the list of Australian suburbs ordered by increase in median house value over the last year, Lorne, 3232 is in the BOTTOM 10% with a property value increase of -15.64% recorded in median house prices.
Over the longer term, Lorne has seen property prices show investors a -10.12% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Lorne is $755000, with sellers offering an average of -5.26% off the asking price.
Lorne is in the bottom 10% in VIC when comparing median price capital growth over the last year. Lorne gave property investors a dismal capital gain figure when compared to the rest of the state, with -27.48%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lorne has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Lorne is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 165th in terms of most discounted suburbs in VIC
The VIC suburb of Lorne, 3232 is in the Surf Coast local government area.