Suburb Profile Report for Lane Cove NSW (2066)

Lane Cove House: Median price $2,185,000, Annual capital growth 7.77%, Number of sales 64, Weekly median advertised rent $990

Lane Cove Unit: Median price $850,000, Annual capital growth 6.90%, Number of sales 204, Weekly median advertised rent $570

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

At number 3030th in the list of Australian suburbs ordered by increase in median house value over the last year, Lane Cove, 2066 is in the BOTTOM 30% with a property value increase of -1.47% recorded in median house prices.

The five-year average increase in median property values for Lane Cove,2066 has given property investors a potential capital gain of 80.73% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Lane Cove is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 1151th in terms of most discounted suburbs in NSW

Residents and property investors in Lane Cove have been waiting around 71.82 days to sell a property.

Renters in Suburb are facing rents around $51480 per annum or $990 every week.

Giving property investors a an unimpressive capital gain of -2.30% for the last year, Lane Cove, 2066 is the 1178th highest performer in Australia in this respect.

While Lane Cove,2066 ranked number 207th in NSW for increase in median house value (annualised) increase, it is ranked 343th over the last 5 years.

Lane Cove2066 is located in NSW which offers an average discount of -5.18% to property investors. Lane Cove itself is showing figures that indicate -4.21% is the average achievable by property buyers investing in the suburb.

At number 257 in a list of fastest selling suburbs, Lane Cove is in the TOP 20% of suburbs in Australia with an average of days on market 48.67 for properties listed there.

Situated 5.01km from the CBD, Lane Cove is one of Lane Cove localities in the postcode 2066.

YIP MAG Information supplied by:

YIP MAG
August 2015

M
O

W
E
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
$2,185,000 $850,000
-1.58% 0.59%
-1.47% -2.30%
7.77% 6.90%
$990 $570
64 204
2.36% 3.49%
71.82 48.67

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Lane Cove NSW
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