Suburb Profile Report for Lane Cove West NSW (2066)

Lane Cove West House: Median price $1,855,000, Annual capital growth 8.67%, Number of sales 24, Weekly median advertised rent $920

Lane Cove West Unit: Median price $750,250, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Lane Cove West, 2066 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.06%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lane Cove West has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -2.94% to buyers in Lane Cove West at the moment, which is less than average for the rest of NSW.

At number 1484 in a list of fastest selling suburbs, Lane Cove West is in the TOP 40% of suburbs in Australia with an average of days on market 73.27 for properties listed there.

Lane Cove West is 1008th on a list of best yielding suburbs for rents in NSW with a 2.58% return

If we look at median property appreciation over just the last three months, Lane Cove West has given property investors a paper return of 0.03%. This puts Suburb as 362 on a list of fastest fasting appreciating suburbs in NSW

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

HOUSE UNIT
$1,855,000 $750,250
-0.67% 0.03%
3.06% N/A
8.67% N/A
$920 $550
24 15
2.58% 3.81%
73.27 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2250
Median household income ($/weekly) 2540
Median age of persons 38
Median housing loan repayment ($/monthly) 3467
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 194 8.6
    5-14 years 392 17.4
    35-44 years 417 18.5
    45-54 years 295 13.1
    55-64 years 275 12.2
    Others 678 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 947 60.3
    Not Married 536 34.1
    Defacto Relationship 87 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1512 69.7
    Croatia 60 2.8
    Malta 44 2.0
    United Kingdom 145 6.7
    Other 94 4.3
    Others 313 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 2.7
    Christianity 1493 70.0
    Hinduism 24 1.1
    Other Religious Groups 26 1.2
    No Religion 499 23.4
    Others 34 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 54 7.9
    $2,500-$2,999 106 15.5
    $3,000-$3,499 79 11.5
    $3,500 -$3,999 63 9.2
    $4,000 or more 101 14.7
    Others 283 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 699 43.2
    Not in the labour force 485 30.0
    Employed, worked part-time 335 20.7
    Employed, away from work 62 3.8
    Unemployed, looking for work 37 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 241 21.9
    Professionals 399 36.3
    Technicians & trades workers 83 7.5
    Clerical & administrative workers 178 16.2
    Sales 75 6.8
    Others 124 11.3
    Occupation
    Census Count Percent(%)
    Pre-school 74 11.0
    Infants/Primary 284 42.2
    Secondary 156 23.2
    Technical or Further Educational Institution 40 5.9
    University or other Tertiary Institutions 102 15.2
    Others 17 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1928 88.9
    Flat, unit or apartment 125 5.8
    Semi-detached, row or terrace house, townhouse 115 5.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 316 42.2
    Fully owned 265 35.4
    Rented 168 22.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals