Property value increases in Lorne have tracked higher than the VIC average of 2.87% over the last 12 months.
Across a shorter period, Lorne, 3232 has seen a median price increase of 14.48% over the last quarter.
Property investors looking for a bargain in Lorne should be aiming for at least -5.38% off the asking price, which is the average vendor discount being achieved at the moment.
If you compare the increase in value of investment property in Lorne, 3232 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.67%.
The five-year average increase in median property values for Lorne,3232 has given property investors a potential capital gain of 17.65% across each of those five years.
Property buyers and investors in Lorne 3232 should be seeing an average reduction in asking price of around -4.72% . This means that Lorne is holding prices well when compared to other suburbs in VIC.