New Lambton is a very desirable suburb located 6 km west of the Newcastle central business district. It includes two shopping districts, very highly rated schools, excellent shopping centres and other amenities.
New Lambton is approximately 5.5 square kilometres. It has 17 parks covering nearly 33.7% of total area. In 2016 the population was 10,052. The predominant age group in New Lambton is 40-49 years. Households in New Lambton are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in New Lambton work in a professional occupation. In 2011, 68.7% of the homes in New Lambton were owner occupied compared with 68.1% in 2016.
Currently the median sales price of houses in the area is $1,030,000.
Based on five years of sales, New Lambton has seen a compound growth rate of 22.2% for houses and 19.5% for units.
Contact Property Solutions 101. Discuss your Newcastle commercial and residential property management and buyer’s agent needs.
