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Lane Cove North

POSTAL CODE: NSW, 2066
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,825,500.

The upward trend in home prices in LANE COVE NORTH, 2066 averaged 2.75% per annum over a 3-year period.

Average weekly rents on listings have reached the $855 mark, reflecting a 1.57% increase in returns based on the current median price in LANE COVE NORTH.

An average of 4.67 real estate transactions take place per month in LANE COVE NORTH which translates to 56 per annum.

56 properties were sold in LANE COVE NORTH in 2016, making it the 315th most active market in NSW based on total real estate transactions.

LANE COVE NORTH, 2066 places 980th in Australia based on median property value growth during the quarter.

Surburb overview

Lane Cove North, situated approximately 11 kilometres north-west of Sydney's central business district, is a suburb on the Lower North Shore within the local government areas of the Municipality of Lane Cove and the City of Willoughby.

As of the 2021 census, Lane Cove North had 11,773 residents. The median age was 36, with 17.7% of the population under 15 and 12.1% aged 65 and over. The majority, 53.0%, were born in Australia, followed by China at 5.6% and England at 4.1%. English was the only language spoken at home by 60.3% of residents, with Mandarin and Cantonese being the most common languages.

Public transportation in Lane Cove North includes several bus routes connecting the suburb to Sydney's CBD and surrounding areas. The suburb is also near Chatswood and Artarmon railway stations, which provide additional rail services.

Essential establishments in Lane Cove North include Mowbray Public School, which caters to primary education needs. The suburb also features several parks and reserves, such as Helen Street Reserve and Batten Creek Reserve, which offer recreational opportunities for residents.

The housing landscape in Lane Cove North is diverse. Seventy-eight percent of people live in flats, units, or apartments, 23.0 percent live in separate houses, and 6.1 percent live in semi-detached houses. The average household size is 2.3 people.

Regarding property market trends, Lane Cove North has experienced notable growth. The median household weekly income was $2,386, compared to the national median of $1,746. This difference is also reflected in real estate prices, with the median mortgage payment in Lane Cove North being $2,600 per month, compared to the national median of $1,863.

Lane Cove North offers a blend of residential options, essential amenities, and convenient transportation links, contributing to its appeal as a desirable suburb within Sydney's Lower North Shore. 

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