Located in New South Wales within the Port Macquarie-Hastings local government area, Lorne is a small, quiet locality (postcode 2439). It is home to about 277 residents, with a mature demographic and a median age of 53. Households earn a median income of $80K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Lorne stand at $735,000, having declined steeply by 23.1% over the last twelve months. The current median weekly rent is $690. This gives a gross rental yield of approximately 4.9%. 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 3,587 incidents per 100,000 population.
On the investment side, Lorne shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($735K/$1.5M), which can point to relative value. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -23.1% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.