Suburb Profile Report for Lane Cove West NSW (2066)

Lane Cove West House: Median price $1,782,500, Annual capital growth 8.00%, Number of sales 25, Weekly median advertised rent $850

Lane Cove West Unit: Median price $750,500, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $563

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

Source: CoreLogic

  • House Report
  • Unit Report

Lane Cove West, 2066 ranked 802th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lane Cove West is one of 3162 in our list for NSW

Lane Cove West,2066 has offered an average of 5.32% return per annum in house price rises to property investors over the last three years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Lane Cove West itself are offering an average vendor discount of -2.32% to real estate investors.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

With the median price for a house in Lane Cove West being $1782500 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.48%

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.

Lane Cove West, 2066’s gross rental yield is 3.90%

HOUSE UNIT
$1,782,500 $750,500
-2.06% 0.13%
5.32% N/A
8.00% N/A
$850 $563
25 15
2.48% 3.90%
71.5 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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