If you compare the increase in value of investment property in Lorn, 2320 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.71%.
Over the longer term, Lorn has seen property prices show investors a 14.14% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Lorn itself are offering an average vendor discount of -4.28% to real estate investors.
In the last year 38 properties changed hands in Lorn, which puts it as the 819th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.