At number 2612th in the list of Australian suburbs ordered by increase in median house value over the last year, Lennox Head, 2478 is in the BOTTOM 40% with a property value increase of -4.94% recorded in median house prices.
A 35.09% growth in median value for property investors in Lennox Head,2478 puts this suburb at number 414th in terms of best performing suburbs in NSW
Lennox Head, 2478 is offering NSW ‘s 464th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
In the last year 75 properties changed hands in Lennox Head, which puts it as the 312th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $32760 per annum or $630 every week.
Lennox Head, 2478 ranked 127th 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
Lennox Head,2478 has offered an average of 0.69% return per annum in house price rises to property investors over the last three years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in Lennox Head itself are offering an average vendor discount of -5.06% to real estate investors.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 5.50%, investors should hope to achieve an overall return of 3.92%
Information supplied by:
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.