Suburb Profile Report for North Lambton NSW (2299)

North Lambton House: Median price $591,000, Annual capital growth 6.34%, Number of sales 67, Weekly median advertised rent $390

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report

Over the last year, property investments in North Lambton, 2299 have given investors a capital gain of 17.49%. This compares very favourably with the 10.25% for NSW as a whole.

Over the longer term, North Lambton has seen property prices show investors a 30.34% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that North Lambton is offering property investors an average of -5.40. This rate of discount on properties puts Suburb at number 914th in terms of most discounted suburbs in NSW

Residents and property investors in North Lambton have been waiting around 57.04 days to sell a property.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.97%, investors should hope to achieve an overall return of 3.58%

Metrics	HOUSE	UNIT
Median price	$591,000	N/A
Quarterly growth	6.49%	N/A
12-month growth	18.91%	N/A
Average Annual Growth	6.34%	N/A
Weekly median advertised rent	$390	N/A
Number of sales	67	N/A
Gross rental yield	3.43%	N/A
Days on market	52.88	N/A

Source: CoreLogic

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

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Demographics

Total population	3114
Median household income ($/weekly)	1061
Median age of persons	32
Median housing loan repayment ($/monthly)	1733
Average household size	2.5

Census	Count	Percent(%)
5-14 years	282	9.1
20-24 years	434	13.9
25-34 years	524	16.8
35-44 years	332	10.7
45-54 years	351	11.3
Others	1192	38.3

Age Group

Census	Count	Percent(%)
Not Married	1231	51.9
Registered Married	914	38.5
Defacto Relationship	228	9.6

Social Marital Status

Census	Count	Percent(%)
Australia	2350	81.6
Croatia	72	2.5
Malta	42	1.5
United Kingdom	57	2.0
Other	93	3.2
Others	265	9.2

Country of Birth

Census	Count	Percent(%)
Buddhism	69	2.5
Christianity	1983	70.7
Hinduism	15	0.5
Islam	57	2.0
No Religion	666	23.7
Others	15	0.5

Religious Affiliation

Census	Count	Percent(%)
$300-$399	108	10.3
$400-$599	124	11.8
$600-$799	121	11.5
$1,000-$1,249	93	8.8
$1,500-$1,999	144	13.7
Others	463	44.0

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	976	39.8
Employed, worked full-time	821	33.5
Employed, worked part-time	486	19.8
Unemployed, looking for work	87	3.5
Employed, away from work	81	3.3

Person Characteristics

Census	Count	Percent(%)
Professionals	351	25.3
Technicians & trades workers	210	15.1
Community & personal service workers	167	12.0
Clerical & administrative workers	183	13.2
Sales	132	9.5
Others	345	24.9

Occupation

Census	Count	Percent(%)
Pre-school	46	4.9
Infants/Primary	166	17.8
Secondary	144	15.4
Technical or Further Educational Institution	86	9.2
University or other Tertiary Institutions	475	50.9
Others	16	1.7

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2627	91.4
Flat, unit or apartment	158	5.5
Semi-detached, row or terrace house, townhouse	90	3.1
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0