Lane Cove Municipal Council, NSW
Lane Cove Council is a local government area in Sydney, situated on the Lower North Shore. The local property market is considered to be family friendly with a good mix of unit and house stock available.
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Lane Cove is well serviced by public transport and enjoys good access to the city. It is close to the CBD, the Harbour Bridge and the beaches of Sydney’s Northern Beaches.
Professionals (41.8 %), Managers (18.8 %), Clerical and Administrative Workers (12.7 %), Sales Workers (7.5 %), and Community and Personal Service Workers (7.2 %) are the most prevalent jobs in Lane Cove. In Lane Cove, the typical weekly personal income for residents aged 15 years and above is $1,149.
The most common types of properties in this LGA are houses and units. In Lane Cove, 42.3 % of occupied private residences are detached houses, 5.5 % are semi-detached, row or terrace houses, townhouses, or other buildings, 51.6 % are flats or apartments, and 0.1 % are other dwellings.
The Lane Cove property market is quite stable and has seen consistent price growth over the decades. Investors are attracted to the area because of its stability and good rental yields. In addition, the historical vacancy rate in Lane Cove is comparatively low, making it a sought-after suburb for renters.
The main drawbacks of the Lane Cove property market are its high prices for houses and lack of development. There is limited supply of new houses in the area, which has driven prices up.
Overall, the Lane Cove property market is stable and has good potential for capital growth in the future. Discover where the prices may be headed in Lane Cove suburbs wit hthe help of interactive dashboard on this page.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
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Demand
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All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Lane Cove Municipal Council, NSW
Lane Cove Municipal Council is surrounded by 2 other council areas – Willoughby, North Sydney.
Suburbs/localities in this Local Government Area: Greenwich 2065, Lane Cove 2066, Lane Cove North 2066, Lane Cove West 2066, Linley Point 2066, Longueville 2066, Northwood 2066, Riverview 2066
Are you a real estate professional with an extensive knowledge of the Lane Cove Municipal Council property market? What is the outlook of the market from your point of view? Our members would love to hear from you! Share your insights in a comment below.