New Lambton Heights is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2305). With a population of 2,610, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in New Lambton Heights is $845,000, having dropped significantly 34.2% over the past year. Units have a median price of $1.0 million (+24.1% YoY). The current median weekly rent is $745. This gives a gross rental yield of approximately 4.6%. 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 3,396 incidents per 100,000 population.
From an investment perspective, New Lambton Heights offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($845K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -34.2% year-on-year.
New Lambton Heights is a smaller suburb in New South Wales within the Lake Macquarie local government area (postcode 2305). With a population of 2,610, the suburb has 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in New Lambton Heights is $845,000, having dropped significantly 34.2% over the past year. Units have a median price of $1.0 million (+24.1% YoY). The current median weekly rent is $745. This gives a gross rental yield of approximately 4.6%. 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 3,396 incidents per 100,000 population.
From an investment perspective, New Lambton Heights offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($845K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -34.2% year-on-year.