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Lane Cove West

POSTAL CODE: NSW, 2066
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Property investments in LANE COVE WEST did not fare well against the rest of the country last year, registering a median home price decrease of 4.17%.

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

Based on its average 5-year and quarterly capital gains LANE COVE WEST, 2066 saw average growth in the long term.

Real estate investors could earn a rental income of $1450 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $3,125,000.

LANE COVE WEST ranks 945th on the list of best yielding suburbs for rental properties in NSW, posting a 2.41% return.

Surburb overview

Lane Cove West, located approximately 9 kilometres north-west of Sydney's central business district, is a suburb on the Lower North Shore within the Municipality of Lane Cove.

As of the 2021 Census, Lane Cove West had a population of 3,146. The median age was 39, with 58.3% of people born in Australia. The most common countries of birth were England (4.6%) and China (3.8%). English was the only language spoken at home by 67.6% of residents.

Public transportation in Lane Cove West includes Busways Route 261, which operates to Lane Cove and King Street Wharf via Longueville. Additionally, the suburb is accessible via ferry services from Longueville Wharf, served by Captain Cook Cruises.

Essential establishments in Lane Cove West encompass the Lane Cove West Business Park, an industrial area with factories and warehouses primarily located on Mars Road and Sam Johnson Way. Figtree Plaza on Cullen Street and Burns Bay Road hosts small businesses, including a hair salon, café, beautician, fish and chip shop, fruit and vegetable market, and butcher shop. The Metropolitan Baptist Church is also situated nearby.

For recreation, Blackman Park is located on the Lane Cove River and features tennis courts, cricket pitches, bike tracks, a basketball court, a skate park, and bushwalking tracks. Smaller reserves in the area include Cullen Street Reserve, Henley Reserve, Penrose Street Park, Garthowen Street Cricket Nets, and Epping Road Reserve.

The housing landscape in Lane Cove West is predominantly residential, with a mix of housing types. The suburb is approximately 9 kilometres from the city centre and offers a family-oriented environment.

Lane Cove West's combination of industrial and residential areas, recreational facilities, and proximity to Sydney's CBD contribute to its appeal as a suburb within the Lower North Shore. 

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