Suburb Profile Report for Lambton NSW (2299)

Lambton House: Median price $640,000, Annual capital growth 6.61%, Number of sales 72, Weekly median advertised rent $420

Lambton Unit: Median price $345,000, Annual capital growth 2.37%, Number of sales 22, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Lambton has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.89%

Comparing Lambton,2299 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Lambton is giving property investors an average Vendor Discount of around -5.17%. This puts suburb at number 537th in NSW when ranking the most discounted suburbs.

Residents and property investors in Lambton have been waiting around 46.98 days to sell a property.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

If you compare the increase in value of investment property in Lambton, 2299 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -10.39%.

Across a shorter period, Lambton, 2299 has seen a median price increase of -4.16% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Lambton is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 126th in terms of most discounted suburbs in NSW

With the median price for a house in Lambton being $345000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 5.58%

Metrics i HOUSE UNIT
$640,000 $345,000
2.40% -4.16%
16.89% -10.39%
6.61% 2.37%
$420 $370
72 22
3.41% 5.58%
46.98 84.58

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals