New Lambton Heights

POSTAL CODE: NSW, 2305

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 17.7% capital gain.

Property investors in NEW LAMBTON HEIGHTS enjoyed capital gains of 7.11% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,280,000.

Profits due to an upward trend in home prices there averaged 5.9% per annum over a 3-year period.

Home owners selling their properties and realtors in NEW LAMBTON HEIGHTS usually have to wait an average of 44.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $950 mark, reflecting a 3.86% increase in returns based on the current median price in NEW LAMBTON HEIGHTS.

NEW LAMBTON HEIGHTS, 2305 places 545th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,280,000	N/A
Growth Report
Median Quarterly	1.11%	N/A
Median 12 month	7.11%	N/A
Median 3 years	17.7%	N/A
Median 5 years	43.86%	N/A
10 years average annual	7.91%	N/A
Weekly media advert. rent	$950	N/A
Time on Market	44.2 days	N/A
Gross Rental Yield Percent	3.86%	N/A

Demographics (Median Values)*

Total Population 12506

Weekly Household Income 1581

Household Size 2.50

Average Age 40

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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