Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $777,500, Annual capital growth 4.20%, Number of sales 90, Weekly median advertised rent $630

Lennox Head Unit: Median price $640,000, Annual capital growth 4.37%, Number of sales 81, Weekly median advertised rent $505

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

Source: CoreLogic

  • House Report
  • Unit Report

Lennox Head has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.67% to date .

A 27.98% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 1020th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in Lennox Head are currently offering property investors an average price cut of -5.47% below the asking price at the moment.

Property investors should expect to get $630 weekly from the median priced house in this suburb.

NSW has seen average median house prices change by 6.07% which means that Lennox Head, 2478 has done well for property investors by showing a capital gain of 15.58% over the last year

A 42.22% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 119th in terms of best performing suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Lennox Head itself are offering an average vendor discount of -3.41% to real estate investors.

In the last year 81 properties changed hands in Lennox Head, which puts it as the 202th most active market in NSW when comparing the number of sales per suburb.

A $505 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 4.37%.

Metrics i HOUSE UNIT
$777,500 $640,000
0.65% 4.92%
3.67% 15.58%
4.20% 4.37%
$630 $505
90 81
4.21% 4.10%
123.21 91.6

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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