Investment property in Lane Cove North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.37%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lane Cove North has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Lane Cove North should be aiming for at least -2.11% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Lane Cove North the average time real estate has been on the market is 66.89 days.
Lane Cove North, 2066’s gross rental yield is 2.21%
Giving property investors a an average capital gain of 4.68% for the last year, Lane Cove North, 2066 is the 721th highest performer in Australia in this respect.
Across a shorter period, Lane Cove North, 2066 has seen a median price increase of -0.34% 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 -7.22% below the asking price at the moment.
Lane Cove North is 401th on a list of best yielding suburbs for rents in NSW with a 3.72% 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.