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.