This property is Off Market
With an average age of 42, households expect an average monthly mortgage payment of $2,600 or a weekly rent payment of $520. The average family earns a weekly income of $3,480 with a typical household size of 2.9 and a 93.94% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine New Lambton due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in New Lambton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in New Lambton necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 0%)
Lambton - New Lambton a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
42 / 100
31 / 100
Industry
27 / 100
22 / 100
Population
28 / 100
19 / 100
House Prices
59 / 100
60 / 100
Jobs
39 / 100
29 / 100
Incidents Trend State Average
St John's Primary School
Lambton, NSW, 2299 Independent K-6
Lambton Public School
Lambton, NSW, 2299 State K-6
New Lambton Public School
New Lambton, NSW, 2305 State K-6
John Hunter Hospital School
New Lambton Heights, NSW, 2305 State
St Therese's Primary School
New Lambton, NSW, 2305 Independent K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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