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
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.