Lane Cove North (postcode 2066) is a settled mid-to-large suburb in New South Wales within the Lane Cove local government area. With a population of 11,773, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $124K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Chinese.
Lane Cove North has a median house price of $2.9 million, which has risen modestly by 1.8% year-on-year. Units have a median price of $819,000 (-10.8% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,600.
Lane Cove North is served by 1 school, including 1 secondary. Public transport access includes 39 bus stops. The crime rate in the Lane Cove LGA is low at 1,355 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.5%, which reads as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.1x is considered stretched. House prices have moved +1.8% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.