Suburb Profile Report for Lismore Heights NSW (2480)

Lismore Heights House: Median price $382,500, Annual capital growth 3.00%, Number of sales 42, Weekly median advertised rent $390

Lismore Heights Unit: Median price $280,000, Annual capital growth 9.20%, Number of sales 18, Weekly median advertised rent $330

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Lismore Heights has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.66% to date .

Taking the average capital gain, or increase in median house value, Lismore Heights,2480 has racked up an average of 0.66% over the period. This ranks it number 1342th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Lismore Heights should be aiming for at least -5.83% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 597.07km from the CBD, Lismore Heights is one of Lismore (C) localities in the postcode 2480.

Lismore Heights has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.67% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Lismore Heights comes in at number 17th in NSW.

Property buyers and investors in Lismore Heights 2480 should be seeing an average reduction in asking price of around -4.54% . This means that Lismore Heights is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Lismore Heights have been waiting around 113.083 days to sell a property.

With the median price for a house in Lismore Heights being $280000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 6.13%

Metrics i HOUSE UNIT
$382,500 $280,000
-3.77% 0.00%
0.66% 6.67%
3.00% 9.20%
$390 $330
42 18
5.30% 6.13%
75.65625 113.083333333333

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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
Chart Table