Lorne

LORNE, VIC 3232 is a seaside suburb with a population of 1,327 residents. The age distribution is diverse, with a significant number of residents aged 20 to 64 years. The median household income weekly is $1,525, and key occupations include Managers, Professionals, and Technicians & Tradeworkers. The suburb offers a variety of commuting options, with many residents using motor vehicles, while others prefer walking or working from home. LORNE presents an interesting opportunity for investors interested in Houses or Units. The suburb has a low vacancy rate and a stable market absorption rate, indicating steady demand. The median growth rate for both Houses and Units has shown resilience over recent years, with potential for long-term capital appreciation. Additionally, the high rental yields for Units make them an attractive option for investors seeking rental income. LORNE, VIC 3232 offers a coastal lifestyle with a strong sense of community. The suburb provides diverse housing options, with both Houses and Units available for investment. Investors can benefit from the stable market conditions, while residents enjoy the amenities and natural beauty that LORNE has to offer. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022