Lane Cove vs Naremburn

The median house price is $3.2M in Lane Cove and $3.2M in Naremburn, so Lane Cove is the cheaper entry point.

For units, Lane Cove sits at a median of $975K against $1.4M in Naremburn, which makes Lane Cove the more affordable unit market and Naremburn the pricier one.

Over the past year house prices moved -5.5% in Lane Cove and +1.3% in Naremburn, so recent momentum favours Naremburn, while Lane Cove went backwards.

Looking back three years, Lane Cove houses are +5.1% and Naremburn houses +3.5%, so Lane Cove has compounded faster than Naremburn over the longer window.

Rental vacancy is 1.1% in Lane Cove and 1.1% in Naremburn, so landlords in Lane Cove face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Lane Cove is the bigger suburb, with a population of 12,363 against 5,924, roughly 2.1 times the size of Naremburn; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Lane Cove for a lower purchase price, Naremburn for recent price momentum, Lane Cove for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.