Lorne is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2439). With a population of 277, the suburb has a mature demographic with a median age of 53. Households earn a median income of $80K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Lorne is $1.5 million, having surged 104.2% over the past year. The current median weekly rent is $980. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Public transport access includes 8 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Lorne offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 18.7x is considered stretched. House prices have moved +104.2% year-on-year.
Lorne is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2439). With a population of 277, the suburb has a mature demographic with a median age of 53. Households earn a median income of $80K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Lorne is $1.5 million, having surged 104.2% over the past year. The current median weekly rent is $980. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,300.
Public transport access includes 8 bus stops. The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Lorne offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 18.7x is considered stretched. House prices have moved +104.2% year-on-year.