NSW has seen average median house prices change by 8.26% which means that Lane Cove, 2066 has done well for property investors by showing a capital gain of 5.78% over the last year
Over the longer term, Lane Cove has seen property prices show investors a 50.27% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Lane Cove should be aiming for at least -0.25% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $975 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Lane Cove, 2066 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.42%.
While Lane Cove,2066 ranked number 203th in NSW for increase in median house value (annualised) increase, it is ranked 228th over the last 5 years.
Vendor discounting in Lane Cove is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 194th in NSW when ranking the most discounted suburbs.
Lane Cove is 454th on a list of best yielding suburbs for rents in NSW with a 3.49% return