Mortgage Broker | Home Loans | Lismore
Lismore is a regional city in Northern New South Wales, known for its rich cultural scene, natural beauty, and strong community spirit. Located inland from Byron Bay and Ballina, it offers a mix of urban amenities and rural charm. The city is surrounded by lush landscapes, rainforests, and farmland, making it ideal for outdoor activities. Lismore has an affordable real estate market with a range of housing options, and it serves as an educational hub with Southern Cross University. The city boasts good healthcare facilities, including Lismore Base Hospital, and a laid-back lifestyle. Lismore has faced challenges, such as flooding in 2022, but the community has shown resilience, and the city continues to grow. It’s an attractive destination for those seeking a peaceful yet connected lifestyle.
Property Snapshot for Lismore
Lismore, a regional city in Northern New South Wales, has experienced significant fluctuations in its property market, influenced by factors such as natural disasters and government buyback schemes. Here's an overview of the current property landscape:
Median Sale Prices:
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Houses: Approximately $450,000, reflecting a 31% annual growth.
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Units: Around $316,250, with an 11.9% annual decline.
Rental Market:
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Houses: Median weekly rent is $530, yielding a rental return of 6.78%.
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Units: Median weekly rent is $385, with a rental yield of 4.81%.
Market Dynamics: The Lismore property market has shown resilience, with significant annual growth in house prices, attributed to government buyback schemes and recovery efforts post-flooding. However, units have seen a decline, indicating a varied market landscape.
Challenges: The city continues to face housing shortages, exacerbated by the 2022 floods, leading to increased housing insecurity and homelessness.
Overall, Lismore's property market presents both opportunities and challenges, with strong growth in certain sectors and ongoing issues in housing availability and affordability.
Your local home loan experts servicing Lismore - book in a chat below
Our service
As your award winning Mortgage Choice brokers servicing Lismore, Joel & Tim and the team have access to over 35 lenders, including the major banks, to help you find the right loan for you. The team will take the stress out of the process and do all the legwork for you!
As your home loan experts for Lismore, once you have found your ideal property we will streamline the application process, look after the paperwork, lodge the application and do all the following up on your behalf.
We can help you with:
- First Home Buyer Loans in Lismore
- Refinancing in Lismore
- Car & Equipment loans in Lismore
- Business Lending in Lismore
- Commercial Loans in Lismore
- Cash Flow Management inLismore
Get in touch with the team today
To arrange an appointment please call us on 02 66286130 or book below
