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 10.74%
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.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Lane Cove itself are offering an average vendor discount of -0.34% to real estate investors.
With the median price for a house in Lane Cove being $1995000 and the advertised rent reaching $975 the gross rental yield for property investors calculates out to be 2.54%
Giving property investors a a stable capital gain of 9.07% for the last year, Lane Cove, 2066 is the 421th highest performer in Australia in this respect.
The five-year average increase in median property values for Lane Cove,2066 has given property investors a potential capital gain of 49.72% across each of those five years.
Vendor discounting in Lane Cove is giving property investors an average Vendor Discount of around -4.84%. This puts suburb at number 176th in NSW when ranking the most discounted suburbs.
Lane Cove is 447th on a list of best yielding suburbs for rents in NSW with a 3.60% return