Lorne is a small community in Victoria within the Surf Coast local government area (postcode 3232). With a population of 1,327, the suburb has an older demographic with a median age of 56. Households earn a median income of $79K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Lorne is $1.9 million, having declined 4.9% over the past year. Units have a median price of $1.3 million (+26.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,167.
Lorne is served by 1 school, including 1 combined. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Lorne offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 24.3x is considered stretched. House prices have moved -4.9% year-on-year.
Lorne is a small community in Victoria within the Surf Coast local government area (postcode 3232). With a population of 1,327, the suburb has an older demographic with a median age of 56. Households earn a median income of $79K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Lorne is $1.9 million, having declined 4.9% over the past year. Units have a median price of $1.3 million (+26.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,167.
Lorne is served by 1 school, including 1 combined. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
From an investment perspective, Lorne offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 24.3x is considered stretched. House prices have moved -4.9% year-on-year.