Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $775,000, Annual capital growth 3.92%, Number of sales 91, Weekly median advertised rent $630

Lennox Head Unit: Median price $650,000, Annual capital growth 4.56%, Number of sales 77, Weekly median advertised rent $505

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Lennox Head has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.65%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lennox Head has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Lennox Head is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 516th in terms of most discounted suburbs in NSW

Residents and property investors in Lennox Head have been waiting around 115.81 days to sell a property.

A $630 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 3.92%.

At number 317th in the list of Australian suburbs ordered by increase in median house value over the last year, Lennox Head, 2478 is in the top 20% with a property value increase of 12.07% recorded in median house prices.

Across a shorter period, Lennox Head, 2478 has seen a median price increase of 6.56% over the last quarter.

Sellers are offering property buyers an average discount of -3.47% to buyers in Lennox Head at the moment, which is less than average for the rest of NSW.

Renters in Suburb are facing rents around $6060 per annum or $505 every week.

Metrics i HOUSE UNIT
$775,000 $650,000
0.49% 6.56%
0.65% 12.07%
3.92% 4.56%
$630 $505
91 77
4.23% 4.04%
115.81 86.64

Source: CoreLogic

DSR Score for property investment : Good (H), 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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