Lambton is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2299). It is home to about 5,214 residents, with an established family demographic and a median age of 40. Households earn a median income of $85K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Lambton has a median house price of $1.3 million, which has surged by 14.5% year-on-year. Units have a median price of $730,000 (+5.3% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,058.
Lambton is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 1 rail station, 35 bus stops. The crime rate in the Newcastle LGA is moderate at 6,285 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.8% (low yield). Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 15.7x is considered stretched. House prices have moved +14.5% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.