Lismore Heights

POSTAL CODE: NSW, 2480

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 5.51% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $670,000

The augmented property values in the suburb are trailing behind the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.

Home owners selling their properties and realtors in LISMORE HEIGHTS usually have to wait an average of 64.3 days days before their assets are lifted off the market.

The NSW suburb ranks 90th on the list of best yielding suburbs for rental properties in NSW, posting a 4.66% return.

It also places places 587th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 6% over the last 12 months in LISMORE HEIGHTS, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that LISMORE HEIGHTS, 2480 obtained a 9.86% growth over a ten-year period. It ranks 23rd on our list of suburbs that property investors should look into.

LISMORE HEIGHTS, 2480 has a capital gain of 6% for the past year, which is lower than average compared to its 90.1% growth within a five-year period.

With the median home price in LISMORE HEIGHTS sitting at $547,500, and the average rent at $450, property owners could potentially earn a 4.27% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in LISMORE HEIGHTS are low, as opposed to average gains per annum over the past five years.

LISMORE HEIGHTS, 2480 in NSW belongs to the local government area of Lismore.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$670,000	$547,500
Growth Report
Median Quarterly	2.29%	4.29%
Median 12 month	3.88%	6%
Median 3 years	5.51%	0%
Median 5 years	54.02%	90.1%
10 years average annual	8.82%	9.86%
Weekly media advert. rent	$600	$450
Time on Market	64.3 days	74.6 days
Gross Rental Yield Percent	4.66%	4.27%

Demographics (Median Values)*

Total Population 44599

Weekly Household Income 1069

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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