If you compare the increase in value of investment property in Lane Cove North, 2066 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 15.76%.
Lane Cove North,2066 was ranked 1022 in Australia by increase in median property value over the quarter.
At number 220th of NSW’s most discounted properties, Lane Cove North is in the bottom 20% of the state/territory when listing in order of most discounted to least.
In the last year 64 properties changed hands in Lane Cove North, which puts it as the 496th most active market in NSW when comparing the number of sales per suburb.
A $830 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 8.76%.
Property investors who have had real estate in Lane Cove North, 2066 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.80%
Taking the average capital gain, or increase in median house value, Lane Cove North,2066 has racked up an average of 5.80% over the period. This ranks it number 537th in the whole country for real estate investors looking at median house price increases.
At number 94th of NSW’s most discounted properties, Lane Cove North is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Situated 7.07km from the CBD, Lane Cove North is one of Lane Cove localities in the postcode 2066.
Lane Cove North is well placed for a wide range of Sydney workplace locations and is well served for amenities – in addition to showing strong capital growth, affordable prices and solid rental yields. Full summary
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Lane Cove North is situated 7km northwest of the Sydney CBD. It is separated from Lane Cove proper by Epping Road, but is within easy reach of the Longueville Road cafe and shopping hub.
Lane Cove North is well-located for a wide range of workplace locations, with direct bus access to the Sydney CBD, North Sydney and the North Ryde business park (and an off-road cycle track linking these locations); train access to these locations is also possible from neighbouring Artarmon and Chatswood.
It’s well-served amenity-wise: while the suburb itself has few amenities, Longueville Road is just a short walk, and Chatswood’s large Westfield shopping centre is only a short journey away. The Lane Cove National Park is also situated directly north of the suburb and there are several parks to the east of the suburb.
It’s significantly more affordable than its neighbours: Lane Cove’s median is nearly S40,000 more expensive, and Chatswood’s is more than $100,000 higher. Rental yields also tend to be higher in Lane Cove North than its more expensive counterparts.
Many of the unit developments in Lane Cove North are from the 1970s and 1980s, which means there may be cosmetic reno opportunities in this sector of the market. Most unit developments are located in the east of the suburb, close to the Pacific Highway and Epping Road: the south ends of Murray Street, Stoke Street and Helen Street are quieter, while still providing easy access to amenities and transport.