Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $785,000, Annual capital growth 4.66%, Number of sales 97, Weekly median advertised rent $600

Lennox Head Unit: Median price $615,000, Annual capital growth 4.24%, Number of sales 80, Weekly median advertised rent $515

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$785,000 $615,000
-0.63% 2.50%
11.35% 17.14%
4.66% 4.24%
$600 $515
97 80
3.97% 4.35%
106.24 97.79

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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
Chart Table
Recent sales & rentals