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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 9.45%.
Real estate investors could earn a rental income of $1075 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 66.0 days.
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 $2,200,000.
LANE COVE WEST ranks 1016th on the list of best yielding suburbs for rental properties in NSW, posting a 2.54% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,200,000 | $850,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 0.53% |
| Median 12 month | 9.45% | -0.44% |
| Median 3 years | 30.56% | 20.39% |
| Median 5 years | 79.45% | N/A |
| 10 years average annual | 8.65% | 7.76% |
| Weekly media advert. rent | $1075 | N/A |
| Time on Market | 66.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.54% | N/A |
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