Suburb Profile Report for Lennox Head NSW (2478)

Lennox Head House: Median price $775,000, Annual capital growth 4.39%, Number of sales 96, Weekly median advertised rent $620

Lennox Head Unit: Median price $652,500, Annual capital growth 4.60%, 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, 2478 ranked 872th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lennox Head is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Lennox Head comes in at number 1066th in NSW.

LACK OF BUYER INTEREST may well be the reason that Lennox Head is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 451th in terms of most discounted suburbs in NSW

Residents and property investors in Lennox Head have been waiting around 114.55 days to sell a property.

The NSW suburb of Lennox Head, 2478 is in the Ballina local government area.

Property investors who have had real estate in Lennox Head, 2478 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.40%

Over the longer term, Lennox Head has seen property prices show investors a 24.29% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -3.54% to buyers in Lennox Head at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Lennox Head the average time real estate has been on the market is 86.52 days.

With the median price for a house in Lennox Head being $652500 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 4.02%

Metrics i HOUSE UNIT
$775,000 $652,500
-1.27% 6.97%
4.73% 21.40%
4.39% 4.60%
$620 $505
96 81
4.16% 4.02%
114.55 86.52

Source: CoreLogic

DSR Score for property investment : Above average (H), Very 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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