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 -9.93%.
If we look at median property appreciation over just the last three months, Lorne has given property investors a paper return of 1.09%. This puts Suburb as 427 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Lorne itself are offering an average vendor discount of -6.10% to real estate investors.
Property investors who have had real estate in Lorne, 3232 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -17.15%
The five-year average increase in median property values for Lorne,3232 has given property investors a potential capital gain of 10.46% across each of those five years.
Sellers are offering property buyers an average discount of -5.05% to buyers in Lorne at the moment, which is less than average for the rest of VIC.
Residents and property investors in Lorne have been waiting around 90.27 days to sell a property.