Suburb Profile Report for Lambton NSW (2299)

Lambton House: Median price $605,000, Annual capital growth 5.98%, Number of sales 74, Weekly median advertised rent $420

Lambton Unit: Median price $421,000, Annual capital growth 7.62%, Number of sales 16, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Lambton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.01%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lambton has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -6.69% to buyers in Lambton at the moment, which is less than average for the rest of NSW.

Giving property investors a a stable capital gain of 9.35% for the last year, Lambton, 2299 is the 400th highest performer in Australia in this respect.

The five-year average increase in median property values for Lambton,2299 has given property investors a potential capital gain of 59.79% across each of those five years.

Property buyers and investors in Lambton 2299 should be seeing an average reduction in asking price of around -3.87% . This means that Lambton is holding prices well when compared to other suburbs in NSW.

With the median price for a house in Lambton being $421000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.32%

HOUSE UNIT
$605,000 $421,000
-2.02% -0.24%
9.01% 9.35%
5.98% 7.62%
$420 $350
74 16
3.61% 4.32%
56.62 52.05

Source: CoreLogic

DSR Score for property investment : Balanced (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
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Recent sales & rentals