Suburb Profile Report for North Lambton NSW (2299)

North Lambton House: Median price $615,000, Annual capital growth 7.04%, Number of sales 61, Weekly median advertised rent $400

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report

Property investors who have had real estate in North Lambton, 2299 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 22.75%

North Lambton,2299 has offered an average of 22.75% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in North Lambton should be aiming for at least -5.24% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in North Lambton the average time real estate has been on the market is 70.98 days.

North Lambton, 2299’s gross rental yield is 3.38%

Metrics	HOUSE	UNIT
Median price	$615,000	N/A
Quarterly growth	2.80%	N/A
12-month growth	22.75%	N/A
Average Annual Growth	7.04%	N/A
Weekly median advertised rent	$400	N/A
Number of sales	61	N/A
Gross rental yield	3.38%	N/A
Days on market	70.98	N/A

Source: CoreLogic

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