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Lane Cove West, 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 West, 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 West, NSW 2066”

  1. The total adult population (15 years or older) of Lane Cove West 2066 NSW is 2,481, with a median age of 37. Of those, 55.18% are married, 8.38% are divorced or separated, 33.13% are single and 3.31% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $14,808. The median monthly mortgage repayment for households in this suburb is $3,769 which is 25.45% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Lane Cove West, postcode 2066 and located in NSW, plays host to approximately 2,150 households. Q3 statistics for 2023 indicate a typical house price in this suburb sitting at a robust $2,942,246. A weekly median rent of $902 sets the indicative yield at 1.59%, a little shy of the attractable market requirement for cash flow-centric property investors.

    In terms of socio-economic score, Lane Cove West boasts a highly regarded IRSAD score of 1165 out of 1217. This score reflects the positive socio-economic status of the area, highlighting an attractive environment for prospective investors or home buyers.

    Assessing the renter to owner ratio, the figures for this suburb could raise eyebrows as they strike at 44%. While preference lies with markets housing less than 30% of renters, it is vital to take into account this figure in the context of the other statistics at hand. Lane Cove West presents an intriguing tableau, with a unit to houses ratio of 46%. This market composition of more houses than units could potentially suggest less competition between landlords vying for tenants, sustaining higher rental yields over the long term.

    The affordability index for houses in Lane Cove West stands at a steep 78 years, serving as a potential deterrent due to decreased affordability in the area. Yet, looking at the supply metrics, the card seems to tip in the suburb’s favour with a very low stock on market Percentage for houses at 0.06% and inventory levels for houses at only 0.41 months. Furthermore, building approvals ratio for houses is a mere 0.47%.

    Demand metrics also shine favourably upon the suburb. The impressively low number of days on market for houses averages at just 24 days, signposting a high-demand market. This is further delineated by the vacancy rate (combined houses and units) that is at a meagre 0.11%. The buy search index for houses sits comfortably at state average with a score of 5.

    From these statistics, it is clear that the property market in Lane Cove West is not simply black and white. While the high price and renter to owner ratio may falter in gaining investor attention, metrics such as the low SOM percentage, rapid inventory turnover and high demand create a compelling argument. Further considerations should include market trends, as depicted on the included dashboard, and acknowledgment that some metrics on either end of the spectrum can still bear fruit if the overall playing field presents favourably. A turnkey solution to comprehensive market understanding would be the adoption of HtAG Analytics’ Relative Composite Score (RCS), a platform that combines over 80 metrics to provide a holistic view of the property market.

    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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