Suburb Profile Report for Lane Cove NSW (2066)

Lane Cove House: Median price $2,232,500, Annual capital growth 8.03%, Number of sales 67, Weekly median advertised rent $983

Lane Cove Unit: Median price $850,000, Annual capital growth 7.27%, Number of sales 188, Weekly median advertised rent $575

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 11.63% for the last 12 months, Lane Cove, 2066 has performed for property investments than its average annual 8.03% property growth over the last 5 years.

Over the longer term, Lane Cove has seen property prices show investors a 37.80% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lane Cove, 2066. Typically our figures indicate that -0.73% is being offered, which puts this NSW suburb at 3766th most discounted overall in Australia.

Residents and property investors in Lane Cove have been waiting around 59.15 days to sell a property.

With the median price for a house in Lane Cove being $2232500 and the advertised rent reaching $982.5 the gross rental yield for property investors calculates out to be 2.29%

NSW has seen average median house prices change by 4.56% which means that Lane Cove, 2066 has done well for property investors by showing a capital gain of -3.19% over the last year

Lane Cove,2066 was ranked 1319 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Lane Cove should be aiming for at least -4.02% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 188 properties changed hands in Lane Cove, which puts it as the 61th most active market in NSW when comparing the number of sales per suburb.

Situated 5.07km from the CBD, Lane Cove is one of Lane Cove localities in the postcode 2066.

YIP MAG Information supplied by:

YIP MAG
August 2015

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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
$2,232,500 $850,000
0.00% -2.30%
11.63% -3.19%
8.03% 7.27%
$983 $575
67 188
2.29% 3.52%
59.15 48.72

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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