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Lane Cove North, NSW 2066

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Lane Cove North, NSW 2066 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Lane Cove North, NSW 2066”

  1. The total adult population (15 years or older) of Lane Cove North 2066 NSW is 9,672, with a median age of 36. Of those, 46.57% are married, 10.94% are divorced or separated, 39.01% are single and 3.50% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $12,900. The median monthly mortgage repayment for households in this suburb is $2,600 which is 20.16% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Lane Cove North 2066 is situated in NSW and is home to an estimated 6,169 households. As we move into the third quarter of 2023, typical house prices in Lane Cove North 2066 stand at $2,841,732 with a median weekly rent of $1,150. This translates to an indicative yield of a somewhat below ideal 2.1%.

    The area enjoys an encouraging IRSAD score of 1139 out of 1217, showcasing the solid socio-economic status of its residents – a scenario characterised by relatively high incomes, good access to economic resources, and a multitude of skilled professions. Lane Cove North’s renter to owner ratio of 40% is a touch on the high side, hinting at a substantial rental presence that could lead to relatively high competition among landlords.

    Furthermore, the unusually high units to houses ratio of 76% might cause some concern for investors. This suggests an oversupply of units, which can often lead to increased competition among landlords, possible price drops and, in some cases, restricted appeal for potential tenants looking for family dwelling options.

    On the note of affordability, Lane Cove North’s index stands at an elevated 86 years. This figure highlights decreased affordability, possibly due to the area’s high typical property prices, which could impact the property market trends in the area.

    Delving into supply metrics, the stock on market Percentage for houses at 0.16% and an inventory level of 0.43 months signifies a tight market with low supply, which can be favourable for property owners and troublesome for prospective buyers. The building approval ratio at 1.1% is comfortably within the favourable market conditions, indicating a steady, but not overpowering stream of newly approved dwellings.

    However, the average days on market for houses extends to 128 days. This longer selling period highlights decreased demand, which could create a challenging environment for sellers. On a brighter note, the combined vacancy rate for houses and flats sits at a highly favourable 0.85%, indicating a healthy level of demand for rental properties in the area.

    Finally, the buy search index for houses scored a 3, indicating that demand is level with the state/city average.

    It’s important to remember that while some metrics for Lane Cove North 2066 may be in less favourable ranges, such as its renter to owner ratio and affordability index, the majority of other metrics suggest a positive investment climate, particularly for rental property providers. For a more detailed and comprehensive insight, consider also the Relative Composite Score obtained from HtAG Analytics, which uses over 80 metrics to provide a complete property market analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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