Suburb Profile Report for North Lambton NSW (2299)

North Lambton House: Median price $637,500, Annual capital growth 6.65%, Number of sales 79, Weekly median advertised rent $450

North Lambton Unit: Median price $541,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $363

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in North Lambton, 2299 have given investors a capital gain of 11.35%. This compares averagely with the 12.10% for NSW as a whole.

While North Lambton,2299 ranked number 701th in NSW for increase in median house value (annualised) increase, it is ranked 578th over the last 5 years.

With the median price for a house in North Lambton being $637500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.67%

Across a shorter period, North Lambton, 2299 has seen a median price increase of -1.81% over the last quarter.

The NSW suburb of North Lambton, 2299 is in the Newcastle (C) local government area.

Metrics i HOUSE UNIT
$637,500 $541,000
4.17% -1.81%
11.35% N/A
6.65% N/A
$450 $363
79 12
3.67% 3.48%
43.0192307692308 N/A

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 404 35.2
    Rented 384 33.4
    Being purchased 356 31.0
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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