Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $771,250, Annual capital growth 4.29%, Number of sales 98, Weekly median advertised rent $600

Lennox Head Unit: Median price $620,000, Annual capital growth 4.38%, Number of sales 83, Weekly median advertised rent $510

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Lennox Head has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.93% to date .

While Lennox Head,2478 ranked number 1140th in NSW for increase in median house value (annualised) increase, it is ranked 908th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lennox Head, 2478. Typically our figures indicate that -5.82% is being offered, which puts this NSW suburb at 1996th most discounted overall in Australia.

Often selling an investment property can take time, and in Lennox Head the average time real estate has been on the market is 108.28 days.

Property investors should expect to get $600 weekly from the median priced house in this suburb.

At number 88th in the list of Australian suburbs ordered by increase in median house value over the last year, Lennox Head, 2478 is in the top 10% with a property value increase of 19.81% recorded in median house prices.

While Lennox Head,2478 ranked number 126th in NSW for increase in median house value (annualised) increase, it is ranked 336th over the last 5 years.

Property investors looking for a bargain in Lennox Head should be aiming for at least -3.24% off the asking price, which is the average vendor discount being achieved at the moment.

HOUSE UNIT
$771,250 $620,000
-1.12% 4.20%
6.93% 19.81%
4.29% 4.38%
$600 $510
98 83
4.05% 4.28%
108.28 90.91

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 6146
Median household income ($/weekly) 1258
Median age of persons 40
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 936 15.2
    25-34 years 590 9.6
    35-44 years 953 15.5
    45-54 years 1046 17.0
    55-64 years 847 13.8
    Others 1774 28.9
    Age Group
    Census Count Percent(%)
    Registered Married 2323 53.2
    Not Married 1568 35.9
    Defacto Relationship 477 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5140 86.9
    Papua New Guinea 120 2.0
    United Kingdom 299 5.1
    United States of America 40 0.7
    Other 114 1.9
    Others 201 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 107 1.9
    Christianity 3763 67.1
    Islam 17 0.3
    Other Religious Groups 36 0.6
    No Religion 1668 29.7
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 224 11.3
    $600-$799 229 11.6
    $800-$999 188 9.5
    $1,500-$1,999 278 14.0
    $2,000-$2,499 194 9.8
    Others 868 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1594 34.3
    Not in the labour force 1476 31.8
    Employed, worked part-time 1207 26.0
    Unemployed, looking for work 186 4.0
    Employed, away from work 184 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 418 14.0
    Professionals 790 26.5
    Technicians & trades workers 395 13.2
    Community & personal service workers 346 11.6
    Clerical & administrative workers 353 11.8
    Others 683 22.9
    Occupation
    Census Count Percent(%)
    Pre-school 142 8.6
    Infants/Primary 608 36.7
    Secondary 514 31.1
    Technical or Further Educational Institution 102 6.2
    University or other Tertiary Institutions 247 14.9
    Others 42 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4661 80.8
    Semi-detached, row or terrace house, townhouse 1034 17.9
    Flat, unit or apartment 43 0.7
    House or flat attached to a shop, office 23 0.4
    Caravan, cabin, houseboat 9 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 811 37.2
    Fully owned 792 36.3
    Rented 575 26.3
    Other tenure type 5 0.2
    Tenure Type
Census 2011, ABS
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