Powered by MOMENTUM MEDIA
Lennox Head
AREA REPORTS

Lennox Head

Lennox Head - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2478

house
unit

Property investments in LENNOX HEAD fare well against the rest of the country last year, registering a median home price increase of 38.61%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 $705 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 56.9 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 $1,247,500.

LENNOX HEAD ranks 706th on the list of best yielding suburbs for rental properties in NSW, posting a 2.94% return.

Data report can be found below

Lennox Head
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,247,500 $855,000
GROWTH REPORT
Median Quarterly 13.41% 1.48%
Median 12 month 38.61% 17.93%
Median 3 years 40.17% 23.73%
Median 5 years 62.01% 43.7%
10 years average annual 7.51% 6.47%
Weekly media advert. rent $705 $590
Time on Market 56.9 days 47.5 days
Gross Rental Yield Percent 2.94% 3.59%
demographics (median values)*
Total Population
28310
Weekly Household Income
1140
Household Size
2.30
Age
48
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.