Lane Cove North is a well-established suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 11,773, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $124K per year, with an average household size of 2.3 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 North is $2.2 million, having dropped significantly 23.5% over the past year. Units have a median price of $915,000 (-0.5% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 2.0%. 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 1,323 incidents per 100,000 population.
From an investment perspective, Lane Cove North offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved -23.5% year-on-year.
Lane Cove North is a well-established suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 11,773, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $124K per year, with an average household size of 2.3 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 North is $2.2 million, having dropped significantly 23.5% over the past year. Units have a median price of $915,000 (-0.5% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 2.0%. 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 1,323 incidents per 100,000 population.
From an investment perspective, Lane Cove North offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.4x is considered stretched. House prices have moved -23.5% year-on-year.