All About Northwood, Lane Cove, NSW, 2066

Northwood, located in Lane Cove, NSW, is a serene and affluent suburb known for its charming residential aura and picturesque landscapes. The housing market in Northwood is characterized by a blend of beautiful, established homes and contemporary architectural designs, offering a range of options for potential buyers. Property prices in Northwood tend to be on the higher end, reflective of the suburb's desirable location, lush surroundings, and proximity to Sydney's central business district. The area is particularly appealing to families and professionals seeking a quiet, yet connected, lifestyle. With limited development and high demand, properties here often maintain strong value, making Northwood a sought-after destination for those looking to invest in the Sydney housing market.

Living in Northwood provides residents with a tranquil and community-oriented environment. The suburb is enveloped by natural reserves, offering plenty of outdoor recreational opportunities. It boasts well-maintained parks, scenic walking trails, and water views, making it ideal for nature lovers and outdoor enthusiasts. Despite its peaceful setting, Northwood is conveniently located near essential amenities, including shopping centers, schools, and healthcare facilities. Public transport options and easy access to major roads ensure that Sydney's vibrant city life is just a short commute away. The tight-knit community, combined with the suburb’s natural beauty and convenient location, makes Northwood an appealing and harmonious place to call home.

Northwood Real Estate Market Outlook

Thinking about buying in Northwood? Now could not be a better time, with just 394 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $5,903,000 with prices in this suburb ranging from $1,904,000 to $32,119,000. Northwood is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Northwood driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Northwood are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Northwood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Northwood the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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Public Transport

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General Points of Interest

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