Giving property investors a a stable capital gain of 10.98% for the last year, Lane Cove North, 2066 is the 964th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Lane Cove North comes in at number 163th in NSW.
Lane Cove North, 2066 is offering NSW ‘s 1208th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Residents and property investors in Lane Cove North have been waiting around 65.15 days to sell a property.
A $850 per week rent on the median house gives suburb investors a gross yield of circa 2.33%, without taking into account capital value appreciation, which has been averaging out at 9.52%.
Giving property investors a a stable capital gain of 6.26% for the last year, Lane Cove North, 2066 is the 614th highest performer in Australia in this respect.
A 46.00% growth in median value for property investors in Lane Cove North,2066 puts this suburb at number 258th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lane Cove North, 2066. Typically our figures indicate that -6.95% is being offered, which puts this NSW suburb at 291th most discounted overall in Australia.
On average over the past year, suburb has had 19.58 sales per month, which equates to 235 per year.
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
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.