Suburb Profile Report for New Lambton Heights NSW (2305)

New Lambton Heights House: Median price $750,000, Annual capital growth 4.97%, Number of sales 40, Weekly median advertised rent $515

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

With a capital gain of -4.46% for the last 12 months, New Lambton Heights, 2305 has performed for property investments than its average annual 4.97% property growth over the last 5 years.

Comparing New Lambton Heights,2305 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

New Lambton Heights2305 is located in NSW which offers an average discount of -6.70% to property investors. New Lambton Heights itself is showing figures that indicate -8.35% is the average achievable by property buyers investing in the suburb.

At number 2504 in a list of fastest selling suburbs, New Lambton Heights is in the bottom 40% of suburbs in Australia with an average of days on market 91.0345 for properties listed there.

Advertised rents are around the $515 mark per week – giving a return of 3.57% based on the median price in Suburb

Metrics i HOUSE UNIT
$750,000 N/A
0.67% N/A
-4.46% N/A
4.97% N/A
$515 N/A
40 N/A
3.57% N/A
91.0344827586207 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 2155
Median household income ($/weekly) 2120
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 290 13.5
    15-19 years 171 7.9
    35-44 years 293 13.6
    45-54 years 361 16.7
    55-64 years 358 16.6
    Others 683 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 999 62.9
    Not Married 491 30.9
    Defacto Relationship 99 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1813 87.9
    Croatia 15 0.7
    Papua New Guinea 17 0.8
    United Kingdom 89 4.3
    Other 39 1.9
    Others 90 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.7
    Christianity 1453 73.0
    Hinduism 11 0.6
    Islam 10 0.5
    No Religion 497 25.0
    Others 7 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 91 14.4
    $2,000-$2,499 72 11.4
    $2,500-$2,999 63 10.0
    $3,000-$3,499 87 13.8
    $4,000 or more 74 11.7
    Others 243 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 697 41.8
    Employed, worked part-time 437 26.2
    Not in the labour force 428 25.6
    Employed, away from work 67 4.0
    Unemployed, looking for work 40 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 174 14.5
    Professionals 431 35.9
    Technicians & trades workers 105 8.8
    Clerical & administrative workers 194 16.2
    Sales 112 9.3
    Others 183 15.3
    Occupation
    Census Count Percent(%)
    Pre-school 36 6.2
    Infants/Primary 200 34.4
    Secondary 162 27.9
    Technical or Further Educational Institution 36 6.2
    University or other Tertiary Institutions 142 24.4
    Others 5 0.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1963 97.1
    Semi-detached, row or terrace house, townhouse 54 2.7
    Flat, unit or apartment 5 0.2
    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 316 44.9
    Being purchased 313 44.5
    Rented 75 10.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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