With a capital gain of -3.13% for the last 12 months, Lennox Head, 2478 has performed for property investments than its average annual 3.91% property growth over the last 5 years.
While Lennox Head,2478 ranked number 1254th in NSW for increase in median house value (annualised) increase, it is ranked 984th over the last 5 years.
Lennox Head2478 is located in NSW which offers an average discount of -5.35% to property investors. Lennox Head itself is showing figures that indicate -6.09% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $7560 per annum or $630 every week.
Lennox Head is in the TOP 30% in NSW when comparing median price capital growth over the last year. Lennox Head gave property investors a good capital gain figure when compared to the rest of the state, with 11.96%.
Over the longer term, Lennox Head has seen property prices show investors a 26.92% return over the last 3 years. This is worse than over the last 12 months
At number 335th of NSW’s most discounted properties, Lennox Head is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 76 properties changed hands in Lennox Head, which puts it as the 204th most active market in NSW when comparing the number of sales per suburb.
Lennox Head is 273th on a list of best yielding suburbs for rents in NSW with a 4.10% return
Although it is a suburb of NSW, the seaside surfers’ hub of Lennox Head is actually closer to the Gold Coast. Thus, it may be getting attention from both NSW and Queensland buyers.Full summary
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Vendors sell easily in surfers paradise
Median unit price: $620,000
Three-year growth: 16.98%
Rental yield: 4.28%
Although it is a suburb of NSW, the seaside surfers’ hub of Lennox Head is actually closer to the Gold Coast. Thus, it may be getting attention from both NSW and Queensland buyers.
The suburb’s unit market reported nearly 20% growth in the past year, and the positive growth trend has been maintained into the February 2017 quarter. The low average discount rate of 3.24% suggests that sellers are having little trouble unloading apartments here.
Lennox Head is quite popular as a holiday destination for beachgoers; hence, it has the amenities to meet the needs of both visitors and residents. There is a recreational spot beside nearby Lake Ainsworth that provides barbecue facilities, and the lake itself is ideal for kayaking. The famous Lennox Point is located at the southern end of Seven Mile Beach. There is also a small primary school catering to families with kids.