Suburb Profile Report for Lane Cove NSW (2066)

Lane Cove House: Median price $1,995,000, Annual capital growth 9.08%, Number of sales 87, Weekly median advertised rent $985

Lane Cove Unit: Median price $810,500, Annual capital growth 6.51%, Number of sales 207, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Lane Cove, 2066 have given investors a capital gain of 8.72%. This compares averagely with the 7.47% for NSW as a whole.

If we look at median property appreciation over just the last three months, Lane Cove has given property investors a paper return of 0.99%. This puts Suburb as 896 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Lane Cove are currently offering property investors an average price cut of -0.34% below the asking price at the moment.

On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.

With the median price for a house in Lane Cove being $1995000 and the advertised rent reaching $985 the gross rental yield for property investors calculates out to be 2.57%

Lane Cove, 2066 ranked 292th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lane Cove is one of 3163 in our list for NSW

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

The most recent median price for Lane Cove is $810500, with sellers offering an average of -4.67% off the asking price.

On average over the past year, suburb has had 17.25 sales per month, which equates to 207 per year.

YIP MAG Information supplied by:

YIP MAG
August 2015

M
O

W
E
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
Metrics i HOUSE UNIT
$1,995,000 $810,500
0.99% 0.31%
8.72% 5.01%
9.08% 6.51%
$985 $560
87 207
2.57% 3.59%
37.7 61.14

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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
Chart Table
Recent sales & rentals