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Lane Cove West
AREA REPORTS

Lane Cove West

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

house
unit

Property investments in LANE COVE WEST fare well against the rest of the country last year, registering a median home price increase of 5.38%.

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 $870 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 0.0 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 $2,115,000.

LANE COVE WEST ranks 1044th on the list of best yielding suburbs for rental properties in NSW, posting a 2.14% return.

Data report can be found below

Lane Cove West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,115,000 $1,024,000
GROWTH REPORT
Median Quarterly -0.47% N/A
Median 12 month 5.38% N/A
Median 3 years -6% 21.11%
Median 5 years 19.36% N/A
10 years average annual 6.72% 16.55%
Weekly media advert. rent $870 $490
Time on Market 0.0 days 0.0 days
Gross Rental Yield Percent 2.14% 2.49%
demographics (median values)*
Total Population
31626
Weekly Household Income
2344
Household Size
2.50
Age
36
Monthly Loan Repayment
2600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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