New Lambton is a well-established suburb in New South Wales within the Newcastle local government area (postcode 2305). With a population of 10,651, the suburb has an established demographic with a median age of 41. Households earn a median income of $96K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in New Lambton is $1.2 million, having dipped slightly 0.8% over the past year. Units have a median price of $720,000 (-6.9% YoY). The current median weekly rent is $745. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,058.
New Lambton is served by 3 schools, including 3 primary. The average ICSEA score is 1101, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 90 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, New Lambton offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved -0.8% year-on-year.
New Lambton is a well-established suburb in New South Wales within the Newcastle local government area (postcode 2305). With a population of 10,651, the suburb has an established demographic with a median age of 41. Households earn a median income of $96K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in New Lambton is $1.2 million, having dipped slightly 0.8% over the past year. Units have a median price of $720,000 (-6.9% YoY). The current median weekly rent is $745. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,058.
New Lambton is served by 3 schools, including 3 primary. The average ICSEA score is 1101, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 90 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, New Lambton offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved -0.8% year-on-year.