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.