Property investors who have had real estate in Lane Cove North, 2066 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.11%
A 45.83% growth in median value for property investors in Lane Cove North,2066 puts this suburb at number 836th in terms of best performing suburbs in NSW
Often selling an investment property can take time, and in Lane Cove North the average time real estate has been on the market is 79.0667 days.
Situated 8.19km from the CBD, Lane Cove North is one of Lane Cove (A) localities in the postcode 2066.
Giving property investors a an unimpressive capital gain of -4.30% for the last year, Lane Cove North, 2066 is the 907th highest performer in Australia in this respect.
Comparing Lane Cove North,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 219th of NSW’s most discounted properties, Lane Cove North is in the TOP 40% of the state/territory when listing in order of most discounted to least.
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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.