Property investments in LENNOX HEAD did not fare well against the rest of the country last year, registering a median home price decrease of 12.57%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LENNOX HEAD, 2478 saw average growth in the long term.
Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 79.8 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $886,500.
LENNOX HEAD ranks 423rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.81% return.
Profits due to an upward trend in home prices in LENNOX HEAD, 2478 averaged 8.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 4.18% increase in returns based on the current median price in LENNOX HEAD.
An average of 6 real estate transactions take place per month in LENNOX HEAD which translates to 72 per annum.
72 properties were sold in LENNOX HEAD during the past year, making it the 59th most active market in NSW based on total real estate transactions.
LENNOX HEAD, 2478 places 236th in Australia based on median property value growth during the quarter.
The credit vs cash spending behaviour is...
Nice to see this article, telling us how...
Totally understand what your implying ....
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal