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%