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 -2.06%
The five-year average increase in median property values for Lorne,3232 has given property investors a potential capital gain of 88.72% across each of those five years.
Property investors looking for a bargain in Lorne should be aiming for at least -4.91% off the asking price, which is the average vendor discount being achieved at the moment.
Giving property investors a a stable capital gain of 15.41% for the last year, Lorne, 3232 is the 330th highest performer in Australia in this respect.
Lorne,3232 has offered an average of 15.41% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Lorne is giving property investors an average Vendor Discount of around -1.10%. This puts suburb at number 215th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Lorne the average time real estate has been on the market is 51 days.
Lorne is 3rd on a list of best yielding suburbs for rents in VIC with a 6.65% return