Lennox Head is in the bottom 20% in NSW when comparing median price capital growth over the last year. Lennox Head gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Lennox Head comes in at number 1098th in NSW.
Property buyers and investors in Lennox Head 2478 should be seeing an average reduction in asking price of around -5.42% . This means that Lennox Head is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Lennox Head, 2478 is in the Ballina local government area.
Lennox Head is an average performer 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 10.46%.
Lennox Head,2478 has offered an average of 10.46% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Lennox Head should be aiming for at least -3.28% off the asking price, which is the average vendor discount being achieved at the moment.
Lennox Head, 2478’s gross rental yield is 3.94%
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.