Suburb Profile Report for Lismore Heights NSW (2480)

Lismore Heights House: Median price $360,000, Annual capital growth 3.23%, Number of sales 48, Weekly median advertised rent $350

Lismore Heights Unit: Median price $229,000, Annual capital growth 1.01%, Number of sales 16, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.13% which means that Lismore Heights, 2480 has done well for property investors by showing a capital gain of 10.26% over the last year

While Lismore Heights,2480 ranked number 916th in NSW for increase in median house value (annualised) increase, it is ranked 1167th over the last 5 years.

Vendor discounting in Lismore Heights is giving property investors an average Vendor Discount of around -4.42%. This puts suburb at number 730th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Lismore Heights the average time real estate has been on the market is 91.97 days.

With the median price for a house in Lismore Heights being $360000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 5.06%

Giving property investors a a poor capital gain of -9.84% for the last year, Lismore Heights, 2480 is the 1567th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Lismore Heights has given property investors a paper return of 1.78%. This puts Suburb as 278 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Lismore Heights is $229000, with sellers offering an average of -4.57% off the asking price.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 6.59%, without taking into account capital value appreciation, which has been averaging out at 1.01%.

Metrics i HOUSE UNIT
$360,000 $229,000
1.37% 1.78%
10.26% -9.84%
3.23% 1.01%
$350 $290
48 16
5.06% 6.59%
91.97 75.92

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2193
Median household income ($/weekly) 933
Median age of persons 39
Median housing loan repayment ($/monthly) 1322
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 256 11.7
    25-34 years 253 11.5
    35-44 years 289 13.2
    45-54 years 313 14.3
    55-64 years 278 12.7
    Others 805 36.7
    Age Group
    Census Count Percent(%)
    Not Married 801 47.8
    Registered Married 685 40.9
    Defacto Relationship 189 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1977 92.9
    Japan 13 0.6
    Papua New Guinea 27 1.3
    United Kingdom 47 2.2
    Other 23 1.1
    Others 40 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.8
    Christianity 1393 69.1
    Islam 12 0.6
    Other Religious Groups 13 0.6
    No Religion 552 27.4
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 131 14.8
    $600-$799 110 12.5
    $1,000-$1,249 94 10.6
    $1,250-$1,499 95 10.8
    $1,500-$1,999 106 12.0
    Others 347 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 636 36.5
    Employed, worked full-time 591 33.9
    Employed, worked part-time 381 21.8
    Unemployed, looking for work 83 4.8
    Employed, away from work 53 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 247 24.2
    Technicians & trades workers 136 13.3
    Community & personal service workers 123 12.0
    Clerical & administrative workers 148 14.5
    Sales 117 11.5
    Others 250 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 46 8.5
    Infants/Primary 189 34.8
    Secondary 119 21.9
    Technical or Further Educational Institution 55 10.1
    University or other Tertiary Institutions 122 22.5
    Others 12 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1778 83.6
    Semi-detached, row or terrace house, townhouse 280 13.2
    Flat, unit or apartment 67 3.1
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 332 36.0
    Rented 303 32.9
    Being purchased 284 30.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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