Northwood is a small community in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 916, the suburb has a mature demographic with a median age of 46. Households earn a median income of $261K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Northwood is $4.2 million, having dropped significantly 13.8% over the past year. Units have a median price of $2.0 million. The current median weekly rent is $825. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,200.
Public transport access includes 7 bus stops. The crime rate in the Lane Cove LGA is low at 1,323 incidents per 100,000 population.
From an investment perspective, Northwood offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved -13.8% year-on-year.
Northwood is a small community in New South Wales within the Lane Cove local government area (postcode 2066). With a population of 916, the suburb has a mature demographic with a median age of 46. Households earn a median income of $261K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Northwood is $4.2 million, having dropped significantly 13.8% over the past year. Units have a median price of $2.0 million. The current median weekly rent is $825. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,200.
Public transport access includes 7 bus stops. The crime rate in the Lane Cove LGA is low at 1,323 incidents per 100,000 population.
From an investment perspective, Northwood offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved -13.8% year-on-year.