Lismore Heights (2480) is a suburb in New South Wales that continues to attract attention from both homeowners and investors. As a regional suburb, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Lismore Heights has a population of approximately 2,117, a median age of 40, a median weekly household income of $1,443. With 68% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 33.0% of residents hold a university qualification.
Key employment industries in the broader local government area include Health Care and Social Assistance (22.3%), Retail Trade (11.9%), Education and Training (11.5%).
The current median house price in Lismore Heights is $670,000. The suburb has delivered strong average annual growth of 8.5% over the past five years, outperforming many comparable markets. Prices have moved 3.88% over the past 12 months.
Properties in Lismore Heights spend an average of 42 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.97%. Inventory levels are at 2.73 months, indicating a balanced market. The average vendor discount is -4.6%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Lismore Heights is $650. Gross rental yield sits at 5.04%, which is above average and attractive for cashflow-oriented investors. The vacancy rate of 0.44% signals very strong rental demand. Rents have grown 16.07% over the past 12 months.
The broader local government area is forecast to grow from 49,350 to 50,700 residents by 2031 (2.7% growth).
Explore other suburb profiles in the area: East Lismore, NSW, Lismore, NSW, South Lismore, NSW, Ballina, NSW, Cumbalum, NSW.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Lismore Heights or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.