Question 1

Is East Lismore a nice place to live?

Accepted Answer

East Lismore is a mostly residential pocket immediately east of Lismore CBD, sitting on the low-lying flats beside the Wilsons River. Housing is a mix of modest weatherboard cottages and low-set brick homes with established gardens and some newer infill, and local parks, sporting ovals and riverside green space give a relaxed, suburban feel. Shops, cafés and community facilities in the town centre are easy to reach, and regional roads and bus routes link the suburb to surrounding towns, the hinterland and the coast.

The community of about 4,980 people has a median age of 39 and is weighted towards couple families, both with and without children. Around 61% of homes are owner-occupied while the rest are rented. The suburb is also the focus of a government-led housing and resilience program, with a large masterplanned site set to deliver hundreds of homes, some new build-to-rent apartments under construction, and flood-resilience and water infrastructure works underway. Whether East Lismore suits you will depend on whether you want an established, mostly owner-occupied suburb close to town and on the move with planned redevelopment.

Question 2

Is it expensive to live in East Lismore?

Accepted Answer

At a median of $670,000, a house in East Lismore works out to about 10.4 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above local incomes at that time. Renting is also notable: a house rent of $650 a week would take about 52.5% of that typical weekly household income, a large share, while a unit at $380 a week would take roughly 30.8%, a sizeable share.

If you're weighing renting against buying, the rent share is the direct measure for renters and the price multiple is the key figure for buyers; whether those numbers feel expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is East Lismore a good place to invest?

Accepted Answer

House rents in East Lismore jumped 12.1% over the past year, a strong rise. That increase outpaced the change in house prices, which rose 6.4% over the same period, so the rental income side for houses was the stronger performer this year.

On the capital growth side, unit values climbed 8.4% over the year, a solid increase and faster than the rise in house values. What that mix of rent and value movements means for you depends on whether you prioritise rental income or price growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$670K	N/A
Change in value Past 12 months	6.4%	8.4%
Sold Past 3 months	21	3
Median days on market Past 12 months	38	59
Average rent Past 12 months	$650	$380
Change in rent Past 12 months	12.1%	N/A

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