Suburb Profile Report for Lambton NSW (2299)

Lambton House: Median price $617,500, Annual capital growth 6.58%, Number of sales 65, Weekly median advertised rent $420

Lambton Unit: Median price $423,500, Annual capital growth 8.90%, Number of sales 19, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.15% which means that Lambton, 2299 has done well for property investors by showing a capital gain of 14.35% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Lambton comes in at number 730th in NSW.

Property investors looking for a bargain in Lambton should be aiming for at least -6.33% off the asking price, which is the average vendor discount being achieved at the moment.

Over the last year, property investments in Lambton, 2299 have given investors a capital gain of 11.45%. This compares favourably with the 6.59% for NSW as a whole.

A 60.74% growth in median value for property investors in Lambton,2299 puts this suburb at number 39th in terms of best performing suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Lambton itself are offering an average vendor discount of -3.97% to real estate investors.

The NSW suburb of Lambton, 2299 is in the Newcastle local government area.

HOUSE UNIT
$617,500 $423,500
9.29% 8.59%
14.35% 11.45%
6.58% 8.90%
$420 $350
65 19
3.54% 4.30%
46.63 51.55

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5001
Median household income ($/weekly) 1141
Median age of persons 37
Median housing loan repayment ($/monthly) 1733
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 670 13.4
    25-34 years 628 12.6
    35-44 years 708 14.2
    45-54 years 737 14.7
    55-64 years 529 10.6
    Others 1731 34.6
    Age Group
    Census Count Percent(%)
    Not Married 1738 46.3
    Registered Married 1679 44.7
    Defacto Relationship 340 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4147 86.7
    Germany 50 1.0
    Papua New Guinea 49 1.0
    United Kingdom 119 2.5
    Other 127 2.7
    Others 290 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 0.9
    Christianity 3504 75.0
    Hinduism 30 0.6
    Islam 43 0.9
    No Religion 1028 22.0
    Others 20 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 212 11.6
    $400-$599 203 11.1
    $600-$799 176 9.6
    $1,500-$1,999 218 11.9
    $2,000-$2,499 170 9.3
    Others 847 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1436 37.0
    Not in the labour force 1350 34.8
    Employed, worked part-time 806 20.8
    Employed, away from work 148 3.8
    Unemployed, looking for work 144 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 231 9.7
    Professionals 672 28.1
    Technicians & trades workers 305 12.8
    Clerical & administrative workers 370 15.5
    Sales 247 10.3
    Others 565 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 105 7.7
    Infants/Primary 476 34.7
    Secondary 314 22.9
    Technical or Further Educational Institution 126 9.2
    University or other Tertiary Institutions 327 23.9
    Others 22 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3931 82.5
    Semi-detached, row or terrace house, townhouse 532 11.2
    Flat, unit or apartment 263 5.5
    House or flat attached to a shop, office 41 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 735 37.5
    Being purchased 609 31.1
    Fully owned 606 30.9
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals