Suburb Profile Report for Lane Cove North NSW (2066)

Lane Cove North House: Median price $2,000,000, Annual capital growth 9.63%, Number of sales 71, Weekly median advertised rent $890

Lane Cove North Unit: Median price $780,000, Annual capital growth 7.65%, Number of sales 245, Weekly median advertised rent $520

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Lane Cove North have tracked just higher than the NSW average of 9.74% over the last 12 months.

Comparing Lane Cove North,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Lane Cove North is $2000000, with sellers offering an average of -2.11% off the asking price.

Residents and property investors in Lane Cove North have been waiting around 59.61 days to sell a property.

Advertised rents are around the $890 mark per week – giving a return of 2.31% based on the median price in Suburb

Property investors who have had real estate in Lane Cove North, 2066 should be pleased 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 14.29%

Across a shorter period, Lane Cove North, 2066 has seen a median price increase of 7.22% over the last quarter.

Our latest figures would indicate that property sellers in Lane Cove North are currently offering property investors an average price cut of -7.25% below the asking price at the moment.

Lane Cove North is 452th on a list of best yielding suburbs for rents in NSW with a 3.47% return

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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

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.

Close
Metrics i HOUSE UNIT
$2,000,000 $780,000
1.01% 7.22%
13.31% 14.29%
9.63% 7.65%
$890 $520
71 245
2.31% 3.47%
59.61 61.03

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Lane Cove North NSW
Demographics
Total population 9337
Median household income ($/weekly) 1837
Median age of persons 35
Median housing loan repayment ($/monthly) 2500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 877 9.4
    25-34 years 2065 22.1
    35-44 years 1658 17.8
    45-54 years 1076 11.5
    55-64 years 859 9.2
    Others 2802 30.0
    Age Group
    Census Count Percent(%)
    Registered Married 3267 46.1
    Not Married 3078 43.4
    Defacto Relationship 740 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5228 58.7
    Croatia 429 4.8
    Indonesia 225 2.5
    United Kingdom 499 5.6
    Other 896 10.1
    Others 1630 18.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 312 3.6
    Christianity 5045 58.9
    Hinduism 302 3.5
    Islam 188 2.2
    No Religion 2489 29.1
    Others 229 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 475 13.5
    $2,000-$2,499 336 9.5
    $2,500-$2,999 537 15.3
    $3,000-$3,499 315 9.0
    $4,000 or more 283 8.0
    Others 1573 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3705 50.1
    Not in the labour force 1931 26.1
    Employed, worked part-time 1288 17.4
    Employed, away from work 249 3.4
    Unemployed, looking for work 228 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 831 15.9
    Professionals 2065 39.4
    Technicians & trades workers 377 7.2
    Clerical & administrative workers 819 15.6
    Sales 406 7.7
    Others 744 14.2
    Occupation
    Census Count Percent(%)
    Pre-school 191 8.9
    Infants/Primary 614 28.5
    Secondary 390 18.1
    Technical or Further Educational Institution 200 9.3
    University or other Tertiary Institutions 657 30.5
    Others 105 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4554 52.0
    Separate house 3575 40.8
    Semi-detached, row or terrace house, townhouse 621 7.1
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1476 39.3
    Being purchased 1321 35.2
    Fully owned 885 23.6
    Other tenure type 74 2.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals