Giving property investors a a solid capital gain of 17.57% for the last year, Longueville, 2066 is the 265th highest performer in Australia in this respect.
Comparing Longueville,2066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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Waterfront suburb Longueville sits some 10km from Sydney’s CBD and boasts a mix of architectural marvels old and new. The area’s is known for its secluded feel, nestled on the Lane Cove River between Tambourine Bay and Woodford Bay with wide streets and striking city and harbour views.
Residents also enjoy easy access to Sydney’s CBD via both bus and ferry services, or they can take a stroll to the many fine shops and restaurants at Lane Cove Village.
“It’s such a great family environment, and since you’ve only got 700 homes on the peninsula so the moment something comes up it’s usually sold within four to six weeks,” says Sandra Peach of Ray White Lane Cove.
Peach knows the area well and has watched it grow progressively younger over the past twenty years. “It used to be an old established suburb with old people,” she says. “But now there has been a major generational shift within that suburb and that is why there have been a lot of properties sold or rebuilt because you get a younger family environment.”
Peach says the low number of sales in the area is in part due to the fact that families really just do not want to leave.