Located in New South Wales within the Lane Cove local government area, Northwood is a close-knit residential community (postcode 2066). It is home to about 916 residents, with a mature demographic and a median age of 46. Households earn a median income of $261K per year, with an average household size of 3.1 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 finance & insurance. The top ancestries reported are Australian, English, Irish.
Northwood has a median house price of $4.0 million, which has declined steeply by 19.3% year-on-year. The current median weekly rent is $800. This gives a gross rental yield of approximately 1.1%. 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 1,355 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.1% (low yield). Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.2x is considered stretched. House prices have moved -19.3% 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.