Lane Cove North, 2066 ranked 288th 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
The five-year average increase in median property values for Lane Cove North,2066 has given property investors a potential capital gain of 98.85% across each of those five years.
A $895 per week rent on the median house gives suburb investors a gross yield of circa 2.15%, without taking into account capital value appreciation, which has been averaging out at 10.60%.
Lane Cove North, 2066 ranked 214th 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
Across a shorter period, Lane Cove North, 2066 has seen a median price increase of -0.32% over the last quarter.
The most recent median price for Lane Cove North is $785000, with sellers offering an average of -7.88% off the asking price.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 7.58%, investors should hope to achieve an overall return of 3.48%
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.