New Lambton

POSTAL CODE: NSW, 2305

HOUSE

UNIT

Property investors enjoyed capital gains of 9.87% over the last 12 months in NEW LAMBTON, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in NEW LAMBTON are low, as opposed to average gains per annum over the past five years.

The suburb posted a 30.75% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $755 based on current median home prices for the suburb.

On average, rents on listings have reached the $755 mark, reflecting a 3% increase in returns based on the current median price in NEW LAMBTON.

NEW LAMBTON, 2305 ranks 506th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 429th on the list of best yielding suburbs for rental properties in NSW, posting a 3% return.

Property investors have seen a -1.89% drop in NEW LAMBTON based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on NEW LAMBTON, 2305 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.72%.

Based on its average 5-year and quarterly capital gains NEW LAMBTON, 2305 saw average growth in the long term.

NEW LAMBTON, 2305 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 $780,000.

Profits due to an upward trend in home prices in NEW LAMBTON, 2305 averaged 7.29% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

The gross rental yield in NEW LAMBTON, 2305 is 3.87%.

An average of 4.42 real estate transactions take place per month in NEW LAMBTON which translates to 53 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,307,500	$780,000
Growth Report
Median Quarterly	3.77%	-1.89%
Median 12 month	9.87%	10.72%
Median 3 years	30.75%	21.88%
Median 5 years	52.92%	32.2%
10 years average annual	8.64%	7.5%
Weekly media advert. rent	$755	$580
Time on Market	45.5 days	55.1 days
Gross Rental Yield Percent	3%	3.87%

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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