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6 MIN READProperty Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
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Lane Cove NorthLane Cove North - SUBURB PROFILE REPORT
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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 $2,214,722.
The upward trend in home prices in LANE COVE NORTH, 2066 averaged 5.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $792.5 mark, reflecting a 1.86% increase in returns based on the current median price in LANE COVE NORTH.
An average of 3.83 real estate transactions take place per month in LANE COVE NORTH which translates to 46 per annum.
46 properties were sold in LANE COVE NORTH in 2016, making it the 463rd most active market in NSW based on total real estate transactions.
LANE COVE NORTH, 2066 places 202nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,214,722 | $745,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.74% | 0.95% |
| Median 12 month | 10.05% | -9.15% |
| Median 3 years | 16.72% | -4.49% |
| Median 5 years | 21.69% | 5.37% |
| 10 years average annual | 8.93% | 4.54% |
| Weekly media advert. rent | $792.5 | $450 |
| Time on Market | 0.0 days | 64.2 days |
| Gross Rental Yield Percent | 1.86% | 3.14% |
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