AREA REPORTS

Lane Cove

Suburb Profile

Lane Cove - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2066

house
unit

LANE COVE, 2066 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling LANE COVE, 2066 values up and netting property investors a capital gain of 0.23% for the past year.

Investors saw the median home price rise to $2,205,000.

Profits due to an upward trend in home prices in the suburb averaged 10.73% per annum over a 3-year period.

LANE COVE now ranks at the 599th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in LANE COVE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $990 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LANE COVE, homes and units usually stay on listing for an average of 68.1 days.

In 2016, 65 properties were sold in LANE COVE during the past year, making it the 235th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,205,000 $850,000
GROWTH REPORT
Median Quarterly -2% 0.15%
Median 12 month 0.23% -2.55%
Median 3 years 32.19% 10.39%
Median 5 years 83.56% 42.86%
10 years average annual 7.88% 6.96%
Weekly media advert. rent $990 $560
Time on Market 68.1 days 41.9 days
Gross Rental Yield Percent 2.33% 3.43%
demographics (median values)
Total Population
9075
Weekly Household Income
1567
Household Size
2.30
demographics
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