Lane Cove has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.45% to date .
While Lane Cove,2066 ranked number 202th in NSW for increase in median house value (annualised) increase, it is ranked 436th over the last 5 years.
Lane Cove, 2066 is offering NSW ‘s 1230th 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.
A $975 per week rent on the median house gives suburb investors a gross yield of circa 2.54%, without taking into account capital value appreciation, which has been averaging out at 8.98%.
Property investors who have had real estate in Lane Cove, 2066 should be relatively 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 8.00%
The five-year average increase in median property values for Lane Cove,2066 has given property investors a potential capital gain of 49.86% across each of those five years.
Property buyers and investors in Lane Cove 2066 should be seeing an average reduction in asking price of around -4.84% . This means that Lane Cove is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 3.60%