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.