New Lambton Heights (postcode 2305) is a smaller residential area in New South Wales within the Lake Macquarie local government area. The area has roughly 2,610 residents and an established demographic, with a median age of 41. Households earn a median income of $143K per year, with an average household size of 2.9 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
New Lambton Heights has a median house price of $1.3 million, which has risen steeply by 13.2% year-on-year. Units have a median price of $320,000. The current median weekly rent is $690. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,330.
New Lambton Heights is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 25 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
On the investment side, New Lambton Heights shows a gross rental yield of approximately 2.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.1x is considered moderate. House prices have moved +13.2% 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.