If you compare the increase in value of investment property in Lorne, 3232 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.68%.
Lorne,3232 has offered an average of -3.68% return per annum in house price rises to property investors over the last three years.
The most recent median price for Lorne is $785000, with sellers offering an average of -6.54% off the asking price.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
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 -8.23%
When looking at the potential capital gains offered to property investors over the last 3 years, Lorne comes in at number 220th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Lorne itself are offering an average vendor discount of -3.78% to real estate investors.
In the last year 30 properties changed hands in Lorne, which puts it as the 255th most active market in VIC when comparing the number of sales per suburb.