Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $775,000, Annual capital growth 3.91%, Number of sales 92, Weekly median advertised rent $630

Lennox Head Unit: Median price $660,000, Annual capital growth 4.32%, Number of sales 76, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

Information supplied by:


May 2017

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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

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.


 Close
Metrics i HOUSE UNIT
$775,000 $660,000
-1.59% 1.15%
-3.13% 11.96%
3.91% 4.32%
$630 $520
92 76
4.23% 4.10%
119.78 79.03

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Lennox Head NSW
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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