Suburb Profile Report for New Lambton NSW (2305)

New Lambton House: Median price $600,000, Annual capital growth 6.05%, Number of sales 175, Weekly median advertised rent $430

New Lambton Unit: Median price $377,000, Annual capital growth 5.17%, Number of sales 38, 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 good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.09% to date .

If we look at median property appreciation over just the last three months, New Lambton has given property investors a paper return of 2.56%. This puts Suburb as 419 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in New Lambton is giving property investors an average Vendor Discount of around -4.52%. This puts suburb at number 803th in NSW when ranking the most discounted suburbs.

Residents and property investors in New Lambton have been waiting around 57.01 days to sell a property.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

New Lambton has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.56% to date .

The five-year average increase in median property values for New Lambton,2305 has given property investors a potential capital gain of 21.61% across each of those five years.

The most recent median price for New Lambton is $377000, with sellers offering an average of -1.89% off the asking price.

Advertised rents are around the $350 mark per week – giving a return of 4.83% based on the median price in Suburb

HOUSE UNIT
$600,000 $377,000
2.56% -3.33%
10.09% -4.56%
6.05% 5.17%
$430 $350
175 38
3.73% 4.83%
57.01 38.2

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