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New Lambton Heights, NSW 2305

Home » NSW Real Estate Data » Lake Macquarie City Council, NSW » New Lambton Heights, NSW 2305

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for New Lambton Heights, NSW 2305 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “New Lambton Heights, NSW 2305”

  1. The total adult population (15 years or older) of New Lambton Heights 2305 NSW is 2,046, with a median age of 41. Of those, 57.48% are married, 10.12% are divorced or separated, 28.89% are single and 3.42% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $11,840. The median monthly mortgage repayment for households in this suburb is $2,330 which is 19.68% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of NEW LAMBTON HEIGHTS 2305, nestled in NSW, comprises approximately 1073 households. As we enter Q3 of 2023, the typical price for houses in this suburb sits at $971,970, providing a median weekly rent of $678. This situation produces an indicative yield of 3.63%, exceeding the 3% market requirement, making it appealing for cashflow-driven property investors.

    The socio-economic climate in NEW LAMBTON HEIGHTS is considerably strong with an IRSAD score of 1103 out of a possible 1217. This score indicates the residents of the suburb command strong economic resources and may enjoy above-average income levels, potentially reflecting an affluent demographic.

    In terms of the property landscape, the renter to owner ratio is a low 12%. This is an encouraging sign for property investors as it reveals the market is not oversaturated with rental properties, which could otherwise depress long-term returns and heighten competition.

    The suburb’s units to houses ratio sits at a minuscule 2%, a figure that highlights the dominance of detached houses in the area. Consequently, the low competition amongst landlords for tenants can help maximise rental yields.

    Despite its advantages, NEW LAMBTON HEIGHTS poses a challenge in regards to affordability, as it would take an average buyer an estimated 32 years to fully own a property based on income levels, interest rates, and property prices — a timeline slightly longer than the standard 30-year mortgage.

    From a supply perspective, the stock on market Percentage is quite favourable at a low 0.11%. This suggests a strong demand for properties in the suburb. The inventory level also implies a low supply market with a quick rate of property absorption, standing at just 0.2 months. However, investors may want to watch out for the relatively high building approvals Ratio of 0.95%, signaling the possibility of increased housing supply in the near future.

    Further encouraging for property investors is the low average DoM (Days on Market) of 20 days, suggesting properties in this suburb are quick to be snapped up by eager buyers. The vacancy rate, incorporating both houses and units, is 2.24%. Such a rate strikes a balanced demand, offering a reasonable environment for rental investments.

    Lastly, with a buy search index of 6, NEW LAMBTON HEIGHTS echoes a high interest amongst potential buyers, meaning the suburb currently enjoys a substantial demand.

    All in all, an investment in NEW LAMBTON HEIGHTS shows potential and while RCS (Relative Composite Score) assures automated research using over 80 metrics, keeping an eagle eye on market shifts is key to making profitable real estate decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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