Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $785,000, Annual capital growth 4.07%, Number of sales 89, Weekly median advertised rent $630

Lennox Head Unit: Median price $651,000, Annual capital growth 4.08%, Number of sales 77, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Lennox Head has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.81% to date .

A 29.22% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 1067th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Lennox Head should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $7560 per annum or $630 every week.

If you compare the increase in value of investment property in Lennox Head, 2478 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.87%.

Over the longer term, Lennox Head has seen property prices show investors a 25.19% return over the last 3 years. This is worse than over the last 12 months

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 -3.25% is being offered, which puts this NSW suburb at 1218th most discounted overall in Australia.

Renters in Suburb are facing rents around $6240 per annum or $520 every week.

Information supplied by:


May 2017

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Although it is a suburb of NSW, the seaside surfers’ hub of Lennox Head is actually closer to the Gold Coast. Thus, it may be getting attention from both NSW and Queensland buyers.Full summary

Vendors sell easily in surfers paradise

Median unit price: $620,000

Three-year growth: 16.98%

Rental yield: 4.28%

Although it is a suburb of NSW, the seaside surfers’ hub of Lennox Head is actually closer to the Gold Coast. Thus, it may be getting attention from both NSW and Queensland buyers.

The suburb’s unit market reported nearly 20% growth in the past year, and the positive growth trend has been maintained into the February 2017 quarter. The low average discount rate of 3.24% suggests that sellers are having little trouble unloading apartments here. 

Lennox Head is quite popular as a holiday destination for beachgoers; hence, it has the amenities to meet the needs of both visitors and residents. There is a recreational spot beside nearby Lake Ainsworth that provides barbecue facilities, and the lake itself is ideal for kayaking. The famous Lennox Point is located at the southern end of Seven Mile Beach. There is also a small primary school catering to families with kids.


 Close
Metrics i HOUSE UNIT
$785,000 $651,000
0.32% -1.36%
-1.81% 9.87%
4.07% 4.08%
$630 $520
89 77
4.17% 4.15%
109.02 74.9

Source: CoreLogic

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