Suburb Profile Report for New Lambton Heights NSW (2305)

New Lambton Heights House: Median price $700,000, Annual capital growth 5.29%, Number of sales 41, Weekly median advertised rent $515

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

Source: CoreLogic

  • House Report

New Lambton Heights has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.69% to date .

New Lambton Heights,2305 has offered an average of 7.69% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in New Lambton Heights are currently offering property investors an average price cut of -6.46% below the asking price at the moment.

At number 687 in a list of fastest selling suburbs, New Lambton Heights is in the TOP 20% of suburbs in Australia with an average of days on market 50.16 for properties listed there.

Using the current median advertised rental of $515 and the average annual increase in value of a median property of 5.29%, investors should hope to achieve an overall return of 3.83%

Metrics i HOUSE UNIT
$700,000 N/A
-2.78% N/A
7.69% N/A
5.29% N/A
$515 N/A
41 N/A
3.83% N/A
50.16 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