Lennox Head has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.93% to date .
While Lennox Head,2478 ranked number 1140th in NSW for increase in median house value (annualised) increase, it is ranked 908th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lennox Head, 2478. Typically our figures indicate that -5.82% is being offered, which puts this NSW suburb at 1996th most discounted overall in Australia.
Often selling an investment property can take time, and in Lennox Head the average time real estate has been on the market is 108.28 days.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
At number 88th in the list of Australian suburbs ordered by increase in median house value over the last year, Lennox Head, 2478 is in the top 10% with a property value increase of 19.81% recorded in median house prices.
While Lennox Head,2478 ranked number 126th in NSW for increase in median house value (annualised) increase, it is ranked 336th over the last 5 years.
Property investors looking for a bargain in Lennox Head should be aiming for at least -3.24% off the asking price, which is the average vendor discount being achieved at the moment.