Suburb Profile Report for New Lambton Heights NSW (2305)

New Lambton Heights House: Median price $697,500, Annual capital growth 5.16%, Number of sales 42, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

At number 1976th in the list of Australian suburbs ordered by increase in median house value over the last year, New Lambton Heights, 2305 is in the top half with a property value increase of 7.31% recorded in median house prices.

Comparing New Lambton Heights,2305 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in New Lambton Heights should be aiming for at least -6.46% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Situated 112.98km from the CBD, New Lambton Heights is one of Newcastle localities in the postcode 2305.

Metrics i HOUSE UNIT
$697,500 N/A
-2.45% N/A
7.31% N/A
5.16% N/A
$500 N/A
42 N/A
3.73% N/A
50.66 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2155
Median household income ($/weekly) 2120
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 290 13.5
    15-19 years 171 7.9
    35-44 years 293 13.6
    45-54 years 361 16.7
    55-64 years 358 16.6
    Others 683 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 999 62.9
    Not Married 491 30.9
    Defacto Relationship 99 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1813 87.9
    Croatia 15 0.7
    Papua New Guinea 17 0.8
    United Kingdom 89 4.3
    Other 39 1.9
    Others 90 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.7
    Christianity 1453 73.0
    Hinduism 11 0.6
    Islam 10 0.5
    No Religion 497 25.0
    Others 7 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 91 14.4
    $2,000-$2,499 72 11.4
    $2,500-$2,999 63 10.0
    $3,000-$3,499 87 13.8
    $4,000 or more 74 11.7
    Others 243 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 697 41.8
    Employed, worked part-time 437 26.2
    Not in the labour force 428 25.6
    Employed, away from work 67 4.0
    Unemployed, looking for work 40 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 174 14.5
    Professionals 431 35.9
    Technicians & trades workers 105 8.8
    Clerical & administrative workers 194 16.2
    Sales 112 9.3
    Others 183 15.3
    Occupation
    Census Count Percent(%)
    Pre-school 36 6.2
    Infants/Primary 200 34.4
    Secondary 162 27.9
    Technical or Further Educational Institution 36 6.2
    University or other Tertiary Institutions 142 24.4
    Others 5 0.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1963 97.1
    Semi-detached, row or terrace house, townhouse 54 2.7
    Flat, unit or apartment 5 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 316 44.9
    Being purchased 313 44.5
    Rented 75 10.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals