Lenaghan vs Raymond Terrace
Property investment comparison - Lenaghan, NSW 2322 vs Raymond Terrace, NSW 2324
Head-to-head across core investment metrics: Lenaghan wins 2, Raymond Terrace wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Lenaghan | Raymond Terrace |
|---|---|---|
| Median house price | $765K | $765K |
| Median unit price | $535K | $540K |
| Gross rental yield (houses) | 4.93% | 4.30% |
| Gross rental yield (units) | - | 5.05% |
| 1-year house growth | - | +12.0% |
| 3-year house growth | - | +20.6% |
| Vacancy rate | 2.6% | 1.4% |
| Population | 70 | 13,453 |
Lenaghan vs Raymond Terrace: what the numbers say
Houses cost about the same in both suburbs: the median house price is $765K in Lenaghan and $765K in Raymond Terrace.
For units, Lenaghan sits at a median of $535K against $540K in Raymond Terrace, which makes Lenaghan the more affordable unit market and Raymond Terrace the pricier one.
On cash flow, Lenaghan leads: houses there return a gross rental yield of 4.93%, compared with 4.30% in Raymond Terrace, a gap of 0.63 percentage points.
Rental vacancy is 1.4% in Raymond Terrace and 2.6% in Lenaghan, so landlords in Raymond Terrace face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Raymond Terrace is the bigger suburb, with a population of 13,453 against 70, roughly 192 times the size of Lenaghan; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Lenaghan for rental income, Raymond Terrace for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Raymond Terrace, NSW 2324
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