Suburb Profile Report for New Lambton NSW (2305)

New Lambton House: Median price $595,000, Annual capital growth 6.04%, Number of sales 177, Weekly median advertised rent $430

New Lambton Unit: Median price $381,000, Annual capital growth 5.22%, Number of sales 39, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

New Lambton has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.48% to date .

While New Lambton,2305 ranked number 574th in NSW for increase in median house value (annualised) increase, it is ranked 659th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that New Lambton is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 753th in terms of most discounted suburbs in NSW

At number 847 in a list of fastest selling suburbs, New Lambton is in the TOP 30% of suburbs in Australia with an average of days on market 57.57 for properties listed there.

The NSW suburb of New Lambton, 2305 is in the Newcastle local government area.

NSW has seen average median house prices change by 6.59% which means that New Lambton, 2305 has done well for property investors by showing a capital gain of -2.93% over the last year

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

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 New Lambton itself are offering an average vendor discount of -1.89% to real estate investors.

Residents and property investors in New Lambton have been waiting around 39.71 days to sell a property.

New Lambton, 2305’s gross rental yield is 4.78%

HOUSE UNIT
$595,000 $381,000
1.54% -1.80%
8.48% -2.93%
6.04% 5.22%
$430 $350
177 39
3.76% 4.78%
57.57 39.71

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 9758
Median household income ($/weekly) 1206
Median age of persons 39
Median housing loan repayment ($/monthly) 1814
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1298 13.3
    25-34 years 1123 11.5
    35-44 years 1486 15.2
    45-54 years 1357 13.9
    55-64 years 1059 10.9
    Others 3434 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3336 46.5
    Not Married 3123 43.5
    Defacto Relationship 716 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 8239 88.9
    Indonesia 68 0.7
    Papua New Guinea 92 1.0
    United Kingdom 284 3.1
    Other 169 1.8
    Others 420 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 0.9
    Christianity 6713 74.6
    Hinduism 75 0.8
    Islam 47 0.5
    No Religion 2059 22.9
    Others 27 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 326 9.2
    $400-$599 403 11.4
    $600-$799 317 8.9
    $1,500-$1,999 427 12.0
    $2,000-$2,499 335 9.5
    Others 1736 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2898 38.7
    Not in the labour force 2560 34.2
    Employed, worked part-time 1529 20.4
    Employed, away from work 270 3.6
    Unemployed, looking for work 223 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 478 10.2
    Professionals 1327 28.3
    Technicians & trades workers 636 13.5
    Clerical & administrative workers 709 15.1
    Sales 475 10.1
    Others 1071 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 220 9.1
    Infants/Primary 914 37.7
    Secondary 537 22.2
    Technical or Further Educational Institution 203 8.4
    University or other Tertiary Institutions 492 20.3
    Others 57 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7895 86.7
    Flat, unit or apartment 664 7.3
    Semi-detached, row or terrace house, townhouse 535 5.9
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1386 36.5
    Being purchased 1295 34.1
    Rented 1093 28.8
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals