Investment property in Lennox Head has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.65%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lennox Head has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Lennox Head is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 516th in terms of most discounted suburbs in NSW
Residents and property investors in Lennox Head have been waiting around 115.81 days to sell a property.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 3.92%.
At number 317th in the list of Australian suburbs ordered by increase in median house value over the last year, Lennox Head, 2478 is in the top 20% with a property value increase of 12.07% recorded in median house prices.
Across a shorter period, Lennox Head, 2478 has seen a median price increase of 6.56% over the last quarter.
Sellers are offering property buyers an average discount of -3.47% to buyers in Lennox Head at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $6060 per annum or $505 every week.