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 -7.51%
While Lorne,3232 ranked number 633th in VIC for increase in median house value (annualised) increase, it is ranked 614th over the last 5 years.
Property buyers and investors in Lorne 3232 should be seeing an average reduction in asking price of around -5.11% . This means that Lorne is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 1.39%, investors should hope to achieve an overall return of 2.53%
Giving property investors a an average capital gain of 3.69% for the last year, Lorne, 3232 is the 889th highest performer in Australia in this respect.
Lorne,3232 was ranked 1258 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lorne, 3232. Typically our figures indicate that -3.04% is being offered, which puts this VIC suburb at 1306th most discounted overall in Australia.