{"id":97396,"date":"2024-12-13T04:00:00","date_gmt":"2024-12-12T17:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=97396"},"modified":"2024-12-11T23:43:53","modified_gmt":"2024-12-11T12:43:53","slug":"town-snapshot-lorne","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/town-snapshot-lorne\/","title":{"rendered":"Town snapshot \u2013 Lorne"},"content":{"rendered":"

The size of Lorne is approximately 104.7sqkm with the population of Lorne in 2016 being 1,120 and by the 2021 Census the population was recorded at 1,327 showing a population increase of 18% in the area during that time.<\/strong><\/p>\n

Lorne has been, and is more than ever, the great escape destination for Melbourne families who have a holiday home in this popular resort town.<\/p>\n

Traditionally the town was also very popular place for Western District pastoralists to have their holiday home, with some families still holding properties here after generations.<\/p>\n

Lorne can swell to more than 10,000 people during the summer holiday season and the easter period, placing a lot of pressure on infrastructure but great for local businesses.<\/p>\n

As Barwon Heads is to the Bellarine, so is Lorne to the Surf Coast, both the jewel in their crowns when it comes to premium beachside living and a holiday destination.<\/p>\n

Lorne has finally shaken off its declining population tag and has seen an increase in residents over recent years, but the town still struggles with affordable and workers accommodation in a settlement that has a $2 million price tag on average homes.<\/p>\n

There has been significant community deliberation on this matter for decades, but their initiatives have continuously been hampered by planning road blocks at both state and local level.<\/p>\n

And it\u2019s not until recently that the powers that be are taking notice with more earnest, as well organised community groups pound home the message.<\/p>\n

Lorne\u2019s origins began with a small pastoral holding being established there in 1852 when the Mountjoy family acquired the run in 1874 and built a permanent homestead.<\/p>\n

Known as Loutitt Bay, the area had the appeal of tree fern gullies, the Erskine River and falls, the river estuary and a beach.<\/p>\n

In 1868 the Mountjoys opened a guest house for the increasing numbers of visitors.<\/p>\n

The following year a town was surveyed and named Lorne in honour of the Marquis of Lorne, the husband of Princess Louise, a daughter of Queen Victoria.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Lorne\u2019s census population doubled between the mid-1930s and 1947 and the provision of camping and caravan grounds brought different crowds.<\/p>\n

By the 1980s, seven guest houses were closed, leaving only Erskine House and the Chalet.<\/p>\n

In 1984 a Colac property developer, David Marriner, acquired the Cumberland guest house.<\/p>\n

Multi-storey time share units were built on the Cumberland and adjoining sites, despite local resistance which considered the development an intrusion in the tree-lined amphitheatre.<\/p>\n

CoreLogic data indicates that the predominant age group in Lorne is 60-69 years with households in Lorne being primarily childless couples and are likely to be repaying on average $2,167 per month on mortgage repayments, and in general, people in Lorne work in a managers occupation.<\/p>\n

TIDBIT:<\/p>\n

A road from Deans Marsh to Lorne was built in 1872, and Erskine House, the Grand Pacific Hotel and the Lorne Hotel were built by 1878.<\/p>\n

Population: 1,327<\/p>\n

Male: 52.4%<\/p>\n

Female: 47.6%<\/p>\n

Median age: 56<\/p>\n

5 year population change: 18%<\/p>\n

House median sales price: $2,000,000<\/p>\n

Change in median price: (5yrs) 68.6%<\/p>\n

Median asking rent per week: $725<\/p>\n

Average length of ownership: 14 years<\/p>\n

Owner occupiers: 67%<\/p>\n

Renters: 33%<\/p>\n

House median value:<\/p>\n

August 2024: $1,962,600<\/p>\n

August 2023: $1,876,200<\/p>\n

August 2022: $1,925,200<\/p>\n

August 2021: $1,896,000<\/p>\n

August 2020: $1,316,800<\/p>\n

House sales per annum:<\/p>\n

Period ending August 2024: 23<\/p>\n

Period ending August 2023: 28<\/p>\n

Land median sale price:<\/p>\n

August 2024: N\/A<\/p>\n

August 2023: N\/A<\/p>\n

Land sales per annum:<\/p>\n

Period ending August 2024: 1<\/p>\n

Period ending August 2023: 2<\/p>\n","protected":false},"excerpt":{"rendered":"

The size of Lorne is approximately 104.7sqkm with the population of Lorne in 2016 being 1,120 and by the 2021 Census the population was recorded at 1,327 showing a population increase of 18% in the area during that time. Lorne has been, and is more than ever, the great escape destination for Melbourne families who […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":156,"featured_media":97397,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-97396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nTown snapshot \u2013 Lorne - Bellarine Times<\/title>\n<meta name=\"description\" content=\"Discover Lorne, a coastal gem on the Surf Coast. 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