Lane Cove North has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -9.14% to date .
Lane Cove North,2066 was ranked 4019 in Australia by increase in median property value over the quarter.
At number 7th of NSW’s most discounted properties, Lane Cove North is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Lane Cove North have been waiting around 39.2 days to sell a property.
Advertised rents are around the $900 mark per week – giving a return of 2.55% based on the median price in Suburb
Lane Cove North, 2066 ranked 273th 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
While Lane Cove North,2066 ranked number 268th in NSW for increase in median house value (annualised) increase, it is ranked 280th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Lane Cove North is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in NSW
Lane Cove North is 425th on a list of best yielding suburbs for rents in NSW with a 3.55% 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.