North Lambton is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2299). With a population of 3,454, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in North Lambton is $842,000, having dropped significantly 9.6% over the past year. Units have a median price of $625,000 (-6.7% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Public transport access includes 19 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, North Lambton offers a gross rental yield of 1.9%, rated as low yield. Property prices sit below the state median ($842K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved -9.6% year-on-year.
North Lambton is a smaller suburb in New South Wales within the Newcastle local government area (postcode 2299). With a population of 3,454, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $87K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in North Lambton is $842,000, having dropped significantly 9.6% over the past year. Units have a median price of $625,000 (-6.7% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Public transport access includes 19 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, North Lambton offers a gross rental yield of 1.9%, rated as low yield. Property prices sit below the state median ($842K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved -9.6% year-on-year.