The landlord’s guide to tenancy databases
What are tenancy databases and why should you use them as a landlord? ...
LANE COVE NORTH, 2066 ranks 1305th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.88% for property investors.
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 $1,931,000.
The downward trend in home prices in LANE COVE NORTH, 2066 averaged -3.63% per annum over a 3-year period.
Average weekly rents on listings have reached the $825 mark, reflecting a 2.22% increase in returns based on the current median price in LANE COVE NORTH.
An average of 4.08 real estate transactions take place per month in LANE COVE NORTH which translates to 49 per annum.
49 properties were sold in LANE COVE NORTH in 2016, making it the 382nd most active market in NSW based on total real estate transactions.
LANE COVE NORTH, 2066 places 1096th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,931,000 | $820,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.45% | 2.5% |
| Median 12 month | 7.88% | 13.1% |
| Median 3 years | -10.88% | 2.5% |
| Median 5 years | 25.8% | 17.99% |
| 10 years average annual | 7.14% | 6.18% |
| Weekly media advert. rent | $825 | $495 |
| Time on Market | 28.6 days | 53.2 days |
| Gross Rental Yield Percent | 2.22% | 3.14% |
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