Get a property report and suburb profile for any property in Lane Cove North

Lane Cove North is a leafy inner-north Sydney suburb beside the Lane Cove River, with quiet residential streets, riverside reserves and a mix of older family homes and low-rise apartments. Walking and cycle paths, pocket parks, playgrounds, local shops, cafes and sporting fields make day-to-day life convenient, and regular bus services plus nearby arterial roads keep commuting straightforward for people travelling towards the city.

Home to 11,773 people with a median age of 36, the suburb is weighted towards families—couple families with and without children make up just under nine in ten of all families—and about three in five households are owner-occupied while around 41% are rented. A state-led social housing redevelopment on Mowbray Road will add 86 social and affordable homes and has prompted community submissions about building height, possible overshadowing of the Mindarie Park playground and access to local services and public transport. Council has also installed kerbside electric vehicle chargers, including on Mowbray Road West. Whether Lane Cove North suits you comes down to whether you want a riverside, family-oriented suburb close to shops and transport.

Buying in Lane Cove North sits well above what a typical local household earned at the last Census. The median house price of $2,507,500 is about 20.2 times a typical local annual household income at the last Census (weekly household income $2,386, which is $124,072 a year). The median unit price of $850,500 is about 6.9 times that annual income.

Renting looks different but still significant: an average house rent of $1,150 a week would take about 48.2% of a typical local household's weekly income at the last Census, a large share, while unit rent of $725 a week is about 30.4% of that weekly income, a sizeable share. On these figures, buying—especially a house—sits much further above local incomes at the last Census; renting a unit is the less stretched option by comparison.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Lane Cove North the market has moved unevenly. Median house values rose a modest 3.1% while median unit values fell slightly, down 1.1%. On the income side, house rents increased a moderate 4.5% and unit rents rose a solid 6.6%.

Put another way, house rental income grew a little faster than house prices this year, whereas unit rents rose noticeably even as unit prices slipped. If rental income is your priority, the unit rent movement is the stronger performer; if capital growth is your focus, the house side delivered modest price gains over the year. Whether that fits your investment goals depends on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.