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Lane Cove North

Suburb Profile

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

house
unit

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 $1,850,000.

The downward trend in home prices in LANE COVE NORTH, 2066 averaged -3.97% per annum over a 3-year period.

Average weekly rents on listings have reached the $850 mark, reflecting a 2.39% increase in returns based on the current median price in LANE COVE NORTH.

An average of 3.33 real estate transactions take place per month in LANE COVE NORTH which translates to 40 per annum.

40 properties were sold in LANE COVE NORTH in 2016, making it the 508th most active market in NSW based on total real estate transactions.

LANE COVE NORTH, 2066 places 1207th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,850,000 $794,000
GROWTH REPORT
Median Quarterly -4.19% -3.17%
Median 12 month -1.12% 8.03%
Median 3 years -11.9% 0.67%
Median 5 years 10.45% 15.07%
10 years average annual 6.41% 5.58%
Weekly media advert. rent $850 $480
Time on Market 22.6 days 49.6 days
Gross Rental Yield Percent 2.39% 3.14%
demographics (median values)
Total Population
8820
Weekly Household Income
1498
Household Size
2.20
demographics
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