Giving property investors a a stable capital gain of 10.30% for the last year, Lane Cove North, 2066 is the 1566th highest performer in Australia in this respect.
Lane Cove North,2066 has offered an average of 10.30% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Lane Cove North the average time real estate has been on the market is 40.83 days.
Using the current median advertised rental of $900 and the average annual increase in value of a median property of 9.48%, investors should hope to achieve an overall return of 2.30%
Lane Cove North, 2066 ranked 347th in NSW when comparing growth in median property values or capital gain over the last 12 months. Lane Cove North is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lane Cove North has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Lane Cove North are currently offering property investors an average price cut of -6.01% below the asking price at the moment.
Residents and property investors in Lane Cove North have been waiting around 52.92 days to sell a property.
Lane Cove North is 431th on a list of best yielding suburbs for rents in NSW with a 3.51% return
Lane Cove North is well placed for a wide range of Sydney workplace locations and is well served for amenities – in addition to showing strong capital growth, affordable prices and solid rental yields. Full summary
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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.