Lane Cove is a well-established suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 12,363, the suburb has an established demographic with a median age of 38. Households earn a median income of $132K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Lane Cove is $3.2 million, having dipped slightly 2.2% over the past year. Units have a median price of $1.0 million (+5.5% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,905.
Lane Cove is served by 6 schools, including 5 primary, 1 combined. The average ICSEA score is 1156, which is well above the national average of 1,000. Public transport access includes 56 bus stops. The crime rate in the Lane Cove LGA is low at 1,323 incidents per 100,000 population.
From an investment perspective, Lane Cove offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved -2.2% year-on-year.
Lane Cove is a well-established suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 12,363, the suburb has an established demographic with a median age of 38. Households earn a median income of $132K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Lane Cove is $3.2 million, having dipped slightly 2.2% over the past year. Units have a median price of $1.0 million (+5.5% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,905.
Lane Cove is served by 6 schools, including 5 primary, 1 combined. The average ICSEA score is 1156, which is well above the national average of 1,000. Public transport access includes 56 bus stops. The crime rate in the Lane Cove LGA is low at 1,323 incidents per 100,000 population.
From an investment perspective, Lane Cove offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved -2.2% year-on-year.