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Lorne, VIC 3232

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lorne, VIC 3232 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lorne, VIC 3232”

  1. The total adult population (15 years or older) of Lorne 3232 VIC is 1,195, with a median age of 56. Of those, 49.12% are married, 13.39% are divorced or separated, 30.79% are single and 7.03% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,808. The median monthly mortgage repayment for households in this suburb is $2,167 which is 27.75% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Lorne, postcode 3232, located in Victoria, plays host to an estimated 2535 households. Prominent for its picturesque landscapes and peaceful environment, the area presents an enticing offering to property investors.

    As we delve into the specifics of Q3 2023, houses in Lorne were typically priced at a lofty $1,880,750. Considering the median weekly rent sitting at $343, this culminates in an indicative yield of 0.95%. While this yield is marginally below the 3% desirable threshold for property investors focused on cash flow, the high property prices contribute to the low yield reflecting the premium location Lorne offers.

    Interestingly, Lorne boasts an impressive IRSAD score of 1041 out of 1217, illustrating the healthy socio-economic status of its community. This suggests higher income levels and a larger proportion of residents engaged in skilled professions, which is a positive indicator of a robust local economy and sustainability of rental income for property investors.

    The renter to owner ratio in Lorne sits at a comfortable 23%, well below the 30% benchmark for what’s considered favourable. This means the market isn’t oversaturated with rental properties and permits better returns for landlords in the long term. Furthermore, the units to houses ratio of 35% fits within the advisable range of 50% or lower, indicating a favourable balance in property types that cater to longer term tenants such as families.

    However, potential buyers might face an uphill task in the path to ownership here. The affordability index for Lorne pegs at a whopping 94 years, well above the standard 30-year mortgage term, suggesting that purchasing property in this area might require significant financial backing.

    When considering supply metrics, Lorne presents a highly desirable scenario with a stock on market percentage of minuscule 0.06% and inventory levels sitting at a mere 0.38 months. This indicates a tightly held market with properties being snapped up quickly as they come onto the market.

    Furthermore, the building approvals ratio for houses is particularly low at just 0.29%, signifying that the risk of oversupply in the near future is relatively minimal.

    In terms of demand, while the days on the market for houses is slightly high at 80, reflecting a somewhat slower turnover, the extremely low vacancy rate of just 0.17% combined with a well above average buy search index at 6 signifies clear signs of strong demand in this high-end market.

    In summation, Lorne, with its well-balanced market dynamics and strong socio-economic fundamentals, can be an attractive prospect for property investors looking for high-end, sought-after properties in a premium location. However, it is always important to keep reviewing the Relative Composite Score (RCS) by HtAG Analytics and staying abreast with the market trends to make informed investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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