If you compare the increase in value of investment property in Lennox Head, 2478 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.57%.
The five-year average increase in median property values for Lennox Head,2478 has given property investors a potential capital gain of 28.43% across each of those five years.
The most recent median price for Lennox Head is $799500, with sellers offering an average of -6.42% off the asking price.
On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.
Lennox Head, 2478’s gross rental yield is 3.77%
Property value increases in Lennox Head have tracked just higher than the NSW average of 8.14% over the last 12 months.
If we look at median property appreciation over just the last three months, Lennox Head has given property investors a paper return of 2.59%. This puts Suburb as 150 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Lennox Head 2478 should be seeing an average reduction in asking price of around -2.98% . This means that Lennox Head is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Lennox Head have been waiting around 96.09 days to sell a property.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.