If you compare the increase in value of investment property in Lane Cove, 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 17.04%.
A 108.63% growth in median value for property investors in Lane Cove,2066 puts this suburb at number 283th in terms of best performing suburbs in NSW
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Lane Cove itself are offering an average vendor discount of -12.51% to real estate investors.
Property investors should expect to get $1000 weekly from the median priced house in this suburb.
Lane Cove is in the bottom 30% in NSW when comparing median price capital growth over the last year. Lane Cove gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.35%.
While Lane Cove,2066 ranked number 252th in NSW for increase in median house value (annualised) increase, it is ranked 189th over the last 5 years.
Property buyers and investors in Lane Cove 2066 should be seeing an average reduction in asking price of around -3.12% . This means that Lane Cove is holding prices well when compared to other suburbs in NSW.