Over the last year, property investments in Lane Cove North, 2066 have given investors a capital gain of 14.75%. This compares favourably with the 7.93% for NSW as a whole.
Comparing Lane Cove North,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Lane Cove North is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 228th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $9600 per annum or $800 every week.
NSW has seen average median house prices change by 6.92% which means that Lane Cove North, 2066 has done well for property investors by showing a capital gain of 4.48% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Lane Cove North comes in at number 388th in NSW.
Property investors looking for a bargain in Lane Cove North should be aiming for at least -6.28% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $510 and the average annual increase in value of a median property of 6.70%, investors should hope to achieve an overall return of 3.72%
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.