Loorana
TAS, 7256
-
King Island
Thinking about buying in Loorana? Now could not be a better time, with just 95 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $476,000 with prices in this suburb ranging from $39,000 to $1,043,000. Loorana is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $ |
| Median Monthly Mortgage | $ |
| Median Persons Per Bedroom | |
| Average Household Size | |
| Average Age | |
| Average Income | $ |
| Average Cars Per Dwelling | |
| Average Properties Within 50M |
Housing Stock
Average Property Prices
Loorana Real Estate Market Outlook
In Loorana there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Loorana ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. Low average earnings from people in Loorana leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Loorana the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
None within suburb boundary
(While the above schools are located with the suburb of Loorana there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Loorana weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 12.6 | 21.3 | 56.1 | 93.5 | 6.1 | 24.2 |
| Feb | 1.3 | 13.5 | 21.6 | 55.9 | 89.6 | 6.4 | 20.3 |
| Mar | 1.9 | 12.5 | 20.2 | 59.0 | 94.7 | 6.0 | 15.2 |
| Apr | 2.2 | 11.0 | 17.9 | 61.3 | 95.6 | 5.7 | 11.6 |
| May | 3.0 | 9.6 | 15.6 | 64.8 | 95.1 | 6.0 | 7.9 |
| Jun | 3.6 | 8.1 | 14.1 | 66.6 | 95.7 | 5.6 | 6.4 |
| Jul | 4.4 | 8.0 | 13.4 | 65.6 | 93.6 | 7.4 | 6.5 |
| Aug | 3.4 | 7.7 | 13.6 | 62.7 | 93.9 | 7.2 | 9.7 |
| Sept | 2.5 | 8.6 | 14.9 | 62.0 | 93.4 | 6.8 | 13.7 |
| Oct | 2 | 9.1 | 16.5 | 59.7 | 93.3 | 6.5 | 19.3 |
| Nov | 1.8 | 10.2 | 17.6 | 61.3 | 94.4 | 6.3 | 22.7 |
| Dec | 1.5 | 11.5 | 19.4 | 59.7 | 95.2 | 6.4 | 25.3 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
General Points of Interest
Harold Sizer Memorial Pool - Less than 10 KM
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!