NSW has seen average median house prices change by 6.38% which means that Lennox Head, 2478 has done well for property investors by showing a capital gain of 11.35% over the last year
Over the longer term, Lennox Head has seen property prices show investors a 31.93% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Lennox Head should be aiming for at least -5.99% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 97 properties changed hands in Lennox Head, which puts it as the 293th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 3.97%
With a capital gain of 17.14% for the last 12 months, Lennox Head, 2478 has performed for property investments than its average annual 4.24% property growth over the last 5 years.
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.
Vendor discounting in Lennox Head is giving property investors an average Vendor Discount of around -3.45%. This puts suburb at number 347th in NSW when ranking the most discounted suburbs.
Lennox Head is 228th on a list of best yielding suburbs for rents in NSW with a 4.35% return