Lennox Head, 2478 ranked 872th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lennox Head is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Lennox Head comes in at number 1066th in NSW.
LACK OF BUYER INTEREST may well be the reason that Lennox Head is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 451th in terms of most discounted suburbs in NSW
Residents and property investors in Lennox Head have been waiting around 114.55 days to sell a property.
The NSW suburb of Lennox Head, 2478 is in the Ballina local government area.
Property investors who have had real estate in Lennox Head, 2478 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.40%
Over the longer term, Lennox Head has seen property prices show investors a 24.29% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.54% to buyers in Lennox Head at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Lennox Head the average time real estate has been on the market is 86.52 days.
With the median price for a house in Lennox Head being $652500 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 4.02%