Suburb Profile Report for North Lambton NSW (2299)

North Lambton House: Median price $507,500, Annual capital growth 5.28%, Number of sales 58, Weekly median advertised rent $420

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Property investors who have had real estate in North Lambton, 2299 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -17.14%

A 21.27% growth in median value for property investors in North Lambton,2299 puts this suburb at number 1070th in terms of best performing suburbs in NSW

North Lambton2299 is located in NSW which offers an average discount of -7.38% to property investors. North Lambton itself is showing figures that indicate -7.42% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.28%, investors should hope to achieve an overall return of 4.30%

Metrics	HOUSE	UNIT
Median price	$507,500	N/A
Quarterly growth	-4.25%	N/A
12-month growth	-17.14%	N/A
Average Annual Growth	5.28%	N/A
Weekly median advertised rent	$420	N/A
Number of sales	58	N/A
Gross rental yield	4.30%	N/A
Days on market	63.36	N/A

Your estimated repayment
$1,963.52/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Good (H), Below average (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