Lennox Head has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.67% to date .
A 27.98% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 1020th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Lennox Head are currently offering property investors an average price cut of -5.47% below the asking price at the moment.
Property investors should expect to get $630 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 6.07% which means that Lennox Head, 2478 has done well for property investors by showing a capital gain of 15.58% over the last year
A 42.22% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 119th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Lennox Head itself are offering an average vendor discount of -3.41% to real estate investors.
In the last year 81 properties changed hands in Lennox Head, which puts it as the 202th most active market in NSW when comparing the number of sales per suburb.
A $505 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 4.37%.