With a capital gain of 9.06% for the last 12 months, Lane Cove North, 2066 has performed for property investments than its average annual 9.39% property growth over the last 5 years.
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.
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 -6.21% is being offered, which puts this NSW suburb at 1756th most discounted overall in Australia.
In the last year 69 properties changed hands in Lane Cove North, which puts it as the 473th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $830 mark per week – giving a return of 2.30% based on the median price in Suburb
Lane Cove North, 2066 ranked 193th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lane Cove North is one of 3163 in our list for NSW
Lane Cove North,2066 has offered an average of 8.31% return per annum in house price rises to property investors over the last three years.
The most recent median price for Lane Cove North is $736500, with sellers offering an average of -6.82% off the asking price.
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.