Suburb Profile Report for New Lambton NSW (2305)

New Lambton House: Median price $630,000, Annual capital growth 6.36%, Number of sales 172, Weekly median advertised rent $433

New Lambton Unit: Median price $390,000, Annual capital growth 5.72%, Number of sales 42, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in New Lambton, 2305 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.60%

If we look at median property appreciation over just the last three months, New Lambton has given property investors a paper return of 5.88%. This puts Suburb as 266 on a list of fastest fasting appreciating suburbs in NSW

New Lambton2305 is located in NSW which offers an average discount of -5.49% to property investors. New Lambton itself is showing figures that indicate -5.06% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 14.33 sales per month, which equates to 172 per year.

A $432.5 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 6.36%.

If you compare the increase in value of investment property in New Lambton, 2305 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.99%.

While New Lambton,2305 ranked number 196th in NSW for increase in median house value (annualised) increase, it is ranked 360th over the last 5 years.

At number 439th of NSW’s most discounted properties, New Lambton is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Situated 109.26km from the CBD, New Lambton is one of Newcastle localities in the postcode 2305.

HOUSE UNIT
$630,000 $390,000
5.88% 2.63%
15.60% -2.99%
6.36% 5.72%
$433 $340
172 42
3.57% 4.53%
62.84 40.9

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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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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