Suburb Profile Report for Lane Cove NSW (2066)

Lane Cove House: Median price $1,956,500, Annual capital growth 8.47%, Number of sales 86, Weekly median advertised rent $950

Lane Cove Unit: Median price $808,000, Annual capital growth 6.64%, Number of sales 200, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1197th in the list of Australian suburbs ordered by increase in median house value over the last year, Lane Cove, 2066 is in the top 30% with a property value increase of 8.69% recorded in median house prices.

Lane Cove,2066 has offered an average of 8.69% return per annum in house price rises to property investors over the last three years.

Lane Cove, 2066 is offering NSW ‘s 1225th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

Situated 6.80km from the CBD, Lane Cove is one of Lane Cove localities in the postcode 2066.

Property investors who have had real estate in Lane Cove, 2066 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.29%

Comparing Lane Cove,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Lane Cove, 2066 is offering NSW ‘s 182th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.

Situated 5.87km from the CBD, Lane Cove is one of Lane Cove localities in the postcode 2066.

YIP MAG Information supplied by:

YIP MAG
August 2015

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Is it any wonder this suburb is in such strong demand?Full summary Is it any wonder this suburb is in such strong demand?

Lane Cove is located just 9km northwest of the Sydney CBD. It is also just a couple of kilometres from Chatswood, which is one of the North Shore’s major commercial and retail districts.

In particular, Lane Cove is renowned as a peaceful and leafy suburb that benefits from its Lane Cove Shopping Village, in addition to being close to Macquarie University, Lane Cove National Park, sought-after private schools, and the employment hubs at North Sydney and Macquarie Park.

Units there are typically selling in just 18 days, and the vacancy rate is only 1.76%.

For around the median price, investors can pick up a two-bedroom unit on Burns Bay Road.

Not only are these close to buses to the city and Chatswood, but some even have sweeping views of Lane Cover River and the bushlands.Close
HOUSE UNIT
$1,956,500 $808,000
7.03% 0.84%
8.69% 11.29%
8.47% 6.64%
$950 $550
86 200
2.52% 3.54%
39 61.28

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Lane Cove NSW
Demographics
Total population 9473
Median household income ($/weekly) 1942
Median age of persons 38
Median housing loan repayment ($/monthly) 2600
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1043 11.0
    25-34 years 1543 16.3
    35-44 years 1568 16.6
    45-54 years 1260 13.3
    55-64 years 1000 10.6
    Others 3060 32.3
    Age Group
    Census Count Percent(%)
    Registered Married 3608 51.2
    Not Married 2864 40.7
    Defacto Relationship 572 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5878 64.7
    Croatia 248 2.7
    Papua New Guinea 231 2.5
    United Kingdom 657 7.2
    Other 605 6.7
    Others 1467 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 282 3.2
    Christianity 5560 63.3
    Hinduism 215 2.4
    Judaism 148 1.7
    No Religion 2391 27.2
    Others 185 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 381 11.0
    $2,000-$2,499 292 8.4
    $2,500-$2,999 533 15.4
    $3,000-$3,499 318 9.2
    $4,000 or more 367 10.6
    Others 1579 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3521 47.6
    Not in the labour force 2122 28.7
    Employed, worked part-time 1337 18.1
    Employed, away from work 235 3.2
    Unemployed, looking for work 184 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 974 19.1
    Professionals 1980 38.9
    Technicians & trades workers 355 7.0
    Clerical & administrative workers 771 15.1
    Sales 387 7.6
    Others 625 12.3
    Occupation
    Census Count Percent(%)
    Pre-school 206 9.4
    Infants/Primary 701 32.0
    Secondary 502 22.9
    Technical or Further Educational Institution 165 7.5
    University or other Tertiary Institutions 539 24.6
    Others 76 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4580 51.5
    Flat, unit or apartment 3462 38.9
    Semi-detached, row or terrace house, townhouse 813 9.1
    House or flat attached to a shop, office 36 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1252 33.6
    Fully owned 1235 33.1
    Rented 1188 31.9
    Other tenure type 52 1.4
    Tenure Type
Census 2011, ABS
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