Located in New South Wales within the Lithgow local government area, Mount Lambie is a quiet locality (postcode 2790). The area has roughly 65 residents and an older demographic, with a median age of 55. Households earn a median income of $97K 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 -0.5% 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 managers, technicians & trades, community & personal service. Employment in the area leans toward utilities and agriculture. The top ancestries reported are Australian, English, Scottish.
The median house price in Mount Lambie is $950,000, having jumped by 16.6% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,075.
Public transport access includes 7 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices sit below the state median ($950K/$1.5M), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +16.6% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.