Lane Cove West is a smaller suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 3,146, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $154K per year, with an average household size of 2.7 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 West is $3.1 million, having declined 3.9% over the past year. Units have a median price of $894,000 (+2.1% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,769.
Public transport access includes 19 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 West offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved -3.9% year-on-year.
Lane Cove West is a smaller suburb in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 3,146, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $154K per year, with an average household size of 2.7 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 West is $3.1 million, having declined 3.9% over the past year. Units have a median price of $894,000 (+2.1% YoY). The current median weekly rent is $825. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,769.
Public transport access includes 19 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 West offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved -3.9% year-on-year.