If you compare the increase in value of investment property in Lane Cove North, 2066 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 11.11%.
Comparing Lane Cove North,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 57 properties changed hands in Lane Cove North, which puts it as the 506th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Lane Cove North being $2000000 and the advertised rent reaching $855 the gross rental yield for property investors calculates out to be 2.22%
Property investors who have had real estate in Lane Cove North, 2066 should be ok 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 2.01%
When looking at the potential capital gains offered to property investors over the last 3 years, Lane Cove North comes in at number 248th in NSW.
Property investors looking for a bargain in Lane Cove North should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 7.45km from the CBD, Lane Cove North is one of Lane Cove (A) localities in the postcode 2066.
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Lane Cove North is situated 7km northwest of the Sydney CBD. It is separated from Lane Cove proper by Epping Road, but is within easy reach of the Longueville Road cafe and shopping hub.
Lane Cove North is well-located for a wide range of workplace locations, with direct bus access to the Sydney CBD, North Sydney and the North Ryde business park (and an off-road cycle track linking these locations); train access to these locations is also possible from neighbouring Artarmon and Chatswood.
It’s well-served amenity-wise: while the suburb itself has few amenities, Longueville Road is just a short walk, and Chatswood’s large Westfield shopping centre is only a short journey away. The Lane Cove National Park is also situated directly north of the suburb and there are several parks to the east of the suburb.
It’s significantly more affordable than its neighbours: Lane Cove’s median is nearly S40,000 more expensive, and Chatswood’s is more than $100,000 higher. Rental yields also tend to be higher in Lane Cove North than its more expensive counterparts.
Many of the unit developments in Lane Cove North are from the 1970s and 1980s, which means there may be cosmetic reno opportunities in this sector of the market. Most unit developments are located in the east of the suburb, close to the Pacific Highway and Epping Road: the south ends of Murray Street, Stoke Street and Helen Street are quieter, while still providing easy access to amenities and transport.