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Lane Cove, 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, 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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, NSW 2066”

  1. The total adult population (15 years or older) of Lane Cove 2066 NSW is 9,961, with a median age of 38. Of those, 50.97% are married, 11.39% are divorced or separated, 33.64% are single and 3.99% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $13,500. The median monthly mortgage repayment for households in this suburb is $2,905 which is 21.52% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Lane Cove 2066, situated in NSW, is home to nearly 6738 households. As we enter the third quarter of 2023, the housing market in Lane Cove presents interesting figures. The typical selling price of houses reaches an impressive $3,241,356, and with weekly rents hovering at around $1,200, this creates an indicative yield of approximately 1.93%.

    Boasting an IRSAD score of 1151 out of a possible 1217, Lane Cove shines as a socio-economically affluent area, suggesting attractive prospects for investors. However, the renter to owner ratio stands at 37%, showing a fairly balanced market, although it leans a little more towards rentals. An intriguing aspect here is the unit to house ratio, which at 71%, indicates a higher proportion of units to houses – a possible outcome of the strategic shift towards compact urban living.

    Affordability, however, seems a challenge in Lane Cove. The affordability index points to 94 years, effectively exceeding the usual 30-year mortgage assumption. This could signal potentially less favourable conditions for property investors, at least from a long-term ownership perspective. On the brighter side, the stock on market percentage for houses rests at a low 0.14%, indicating a constrained supply, which can certainly play into the hands of sellers.

    Adding to the optimistic outlook, the inventory level for houses is at a lean 0.47 months, and there is only a 0.96% building approvals ratio, both of which illuminate a tight and undersupplied market. Furthermore, with just 27 average days on market for homes and combined (houses and units) vacancy rate of 1.39%, the demand is evidently robust within this sector. Yet, the buy search index is somewhat average at three, indicating a neutral level of buyer interest, varying neither too high nor too low.

    It’s crucial to interpret these indicators in congruence, acknowledging the varied dynamics at play in Lane Cove’s property market. Finding balance amongst favourable and less favourable metrics is key, and while some indices appear challenging, others present potential opportunities for keen investors. Additionally, the overall trends monitored through the RCS (Relative Composite Score) by HtAG Analytics can provide further valuable insights. As always, it’s imperative to maintain a detailed, market-oriented approach to property investments.

    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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