At number 92th in the list of Australian suburbs ordered by increase in median house value over the last year, Lorne, 3232 is in the top 10% with a property value increase of 29.63% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Lorne,3232 has racked up an average of 29.63% over the period. This ranks it number 1392th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Lorne itself are offering an average vendor discount of -5.09% to real estate investors.
Residents and property investors in Lorne have been waiting around 128.45 days to sell a property.
Property value increases in Lorne have tracked lower than the VIC average of 4.28% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lorne has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Lorne is giving property investors an average Vendor Discount of around -6.97%. This puts suburb at number 40th in VIC when ranking the most discounted suburbs.