Lane Cove, 2066 ranked 627th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lane Cove is one of 3162 in our list for NSW
Lane Cove,2066 was ranked 3172 in Australia by increase in median property value over the quarter.
Lane Cove, 2066 is offering NSW ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Property investors should expect to get $937.5 weekly from the median priced house in this suburb.
Investment property in Lane Cove has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.01%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lane Cove has increased when compared to the 5 year average annual rate.
Property buyers and investors in Lane Cove 2066 should be seeing an average reduction in asking price of around -4.34% . This means that Lane Cove is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 15.33 sales per month, which equates to 184 per year.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.56%, without taking into account capital value appreciation, which has been averaging out at 7.10%.