166A/35 Mountjoy Parade Lorne VIC 3232

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Here you can find what you need to know about 166a/35 Mountjoy Parade , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Lorne, VIC and much more.

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Estimated Value

This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
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Pros & Cons

Things to like

Above market cashflow potential
Cheaper than comparable properties
Low risk of losing value

Things to look out for

Slower growth than market average

Investment Strategy Scores

No Investor Scores available for this property

About this Property

Details

Bedrooms	2
Bathrooms	2
Car Spaces	1
Land Size	-
Floor Area	-
House Type	Unit: Standard

Council Area	Surf Coast
Year Built	n/a
Zone	n/a
Lot/Plan	n/a
Property Type	Unit

Property Timeline

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Neighbourhood

Suburb Insights

Lorne, VIC 3232

Part of: Surf Coast Council

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Lorne, VIC 3232

Part of: Surf Coast Council No data available

The size of Lorne is approximately 104.7 square kilometres. It has 13 parks covering nearly 110.1% of total area. The population of Lorne in 2016 was 1114 people. By 2021 the population was 1327 showing a population growth of 19.1% in the area during that time. The predominant age group in Lorne is 60-69 years. Households in Lorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lorne work in a managers occupation.In 2021, 70.10% of the homes in Lorne were owner-occupied compared with 65.00% in 2016. (source: Australian Bureau of Statistics)

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Lorne, VIC 3232

Part of: Surf Coast Council No data available

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120 km

Distance from Melbourne CBD

Population

19%

5 year population change

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Lorne for Units in last 12 months

Last 12 months in Lorne VIC 3232 View Suburb Profile

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$1M Median Value
20 Properties sold
$490pw Median Rent
3.0% Median Gross Yield
36 Average Days on Market
-3.4% Average Vendor Discount
-35.2% Median Sale Price Change (1yr)

There have been 20 Units sold in Lorne in the past 12 months with a median sale price of $788K, down 35.2% annually. It takes on average 36 days to sell with vendor discounting of -3.4%.

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