Lambton is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2299). With a population of 5,214, the suburb has an established demographic with a median age of 40. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lambton is $1.6 million, having surged 31.8% over the past year. Units have a median price of $549,000 (-24.8% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 1.0%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Lambton offers a gross rental yield of 1.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 18.8x is considered stretched. House prices have moved +31.8% year-on-year.
Lambton is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2299). With a population of 5,214, the suburb has an established demographic with a median age of 40. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lambton is $1.6 million, having surged 31.8% over the past year. Units have a median price of $549,000 (-24.8% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 1.0%. 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 6,194 incidents per 100,000 population.
From an investment perspective, Lambton offers a gross rental yield of 1.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 18.8x is considered stretched. House prices have moved +31.8% year-on-year.