Lennox Head vs Mount Colah

The median house price is $1.7M in Lennox Head and $1.7M in Mount Colah, so Mount Colah is the cheaper entry point.

For units, Lennox Head sits at a median of $1.2M against $665K in Mount Colah, which makes Mount Colah the more affordable unit market and Lennox Head the pricier one.

Over the past year house prices moved +2.8% in Lennox Head and -3.0% in Mount Colah, so recent momentum favours Lennox Head, while Mount Colah went backwards.

Looking back three years, Lennox Head houses are +18.7% and Mount Colah houses +5.6%, so Lennox Head has compounded faster than Mount Colah over the longer window.

Rental vacancy is 0.8% in Lennox Head and 1.6% in Mount Colah, so landlords in Lennox Head face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Mount Colah is the bigger suburb, with a population of 7,816 against 7,687, larger than Lennox Head; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mount Colah for a lower purchase price, Lennox Head for recent price momentum, Lennox Head for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.