At number 637th in the list of Australian suburbs ordered by increase in median house value over the last year, New Lambton, 2305 is in the top 20% with a property value increase of 14.69% recorded in median house prices.
If we look at median property appreciation over just the last three months, New Lambton has given property investors a paper return of 2.05%. This puts Suburb as 778 on a list of fastest fasting appreciating suburbs in NSW
At number 542th of NSW’s most discounted properties, New Lambton is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 173 properties changed hands in New Lambton, which puts it as the 93th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Investment property in New Lambton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.06%
While New Lambton,2305 ranked number 469th in NSW for increase in median house value (annualised) increase, it is ranked 435th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in New Lambton itself are offering an average vendor discount of -2.52% to real estate investors.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 4.91%.