New Lambton, 2305 ranked 725th in NSW when comparing growth in median property values or capital gain over the last 12 months. New Lambton is one of 3163 in our list for NSW
Comparing New Lambton,2305 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in New Lambton 2305 should be seeing an average reduction in asking price of around -3.85% . This means that New Lambton is holding prices well when compared to other suburbs in NSW.
With the median price for a house in New Lambton being $699000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.42%
New Lambton has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.30% to date .
If we look at median property appreciation over just the last three months, New Lambton has given property investors a paper return of 0.00%. This puts Suburb as 296 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in New Lambton, 2305. Typically our figures indicate that -4.66% is being offered, which puts this NSW suburb at 821th most discounted overall in Australia.
At number 497 in a list of fastest selling suburbs, New Lambton is in the TOP 40% of suburbs in Australia with an average of days on market 58 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.06%, investors should hope to achieve an overall return of 4.33%