Suburb Profile Report for New Lambton NSW (2305)

New Lambton House: Median price $698,000, Annual capital growth 6.54%, Number of sales 169, Weekly median advertised rent $450

New Lambton Unit: Median price $442,500, Annual capital growth 5.44%, Number of sales 48, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 13.04% for the last 12 months, New Lambton, 2305 has performed for property investments than its average annual 6.54% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in New Lambton has increased when compared to the 5 year average annual rate.

Property buyers and investors in New Lambton 2305 should be seeing an average reduction in asking price of around -4.57% . This means that New Lambton is holding prices well when compared to other suburbs in NSW.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

NSW has seen average median house prices change by 8.39% which means that New Lambton, 2305 has done well for property investors by showing a capital gain of 14.49% over the last year

New Lambton,2305 was ranked 905 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -3.21% to buyers in New Lambton at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

Metrics i HOUSE UNIT
$698,000 $442,500
3.03% 0.57%
13.04% 14.49%
6.54% 5.44%
$450 $350
169 48
3.35% 4.11%
46.31 25.92

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 9758
Median household income ($/weekly) 1206
Median age of persons 39
Median housing loan repayment ($/monthly) 1814
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1298 13.3
    25-34 years 1123 11.5
    35-44 years 1486 15.2
    45-54 years 1357 13.9
    55-64 years 1059 10.9
    Others 3434 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3336 46.5
    Not Married 3123 43.5
    Defacto Relationship 716 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 8239 88.9
    Indonesia 68 0.7
    Papua New Guinea 92 1.0
    United Kingdom 284 3.1
    Other 169 1.8
    Others 420 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 0.9
    Christianity 6713 74.6
    Hinduism 75 0.8
    Islam 47 0.5
    No Religion 2059 22.9
    Others 27 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 326 9.2
    $400-$599 403 11.4
    $600-$799 317 8.9
    $1,500-$1,999 427 12.0
    $2,000-$2,499 335 9.5
    Others 1736 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2898 38.7
    Not in the labour force 2560 34.2
    Employed, worked part-time 1529 20.4
    Employed, away from work 270 3.6
    Unemployed, looking for work 223 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 478 10.2
    Professionals 1327 28.3
    Technicians & trades workers 636 13.5
    Clerical & administrative workers 709 15.1
    Sales 475 10.1
    Others 1071 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 220 9.1
    Infants/Primary 914 37.7
    Secondary 537 22.2
    Technical or Further Educational Institution 203 8.4
    University or other Tertiary Institutions 492 20.3
    Others 57 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7895 86.7
    Flat, unit or apartment 664 7.3
    Semi-detached, row or terrace house, townhouse 535 5.9
    House or flat attached to a shop, office 14 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1386 36.5
    Being purchased 1295 34.1
    Rented 1093 28.8
    Other tenure type 19 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals