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.