Lambton is a suburb of Newcastle in New South Wales, Australia. It is 8 km. from Newcastle’s CBD (Central Business District). The suburb’s area is 2.8 square kilometres. Its population was 5,001 people in 2011 which went down to 4,915 in 2016 at a marginal decrease of 1.7% in 5 years.
Coal mining was the first occupation that started here in late 19th century. It also has a good sporting culture. There are 10 parks here and a number of social events organized for families.
The suburb is preferred by young professionals and families with kids, is clean and green, has good schools, parks and recreation and is considered very safe and sound. It is just 15 minutes away from Newcastle beaches.
It is a highly-rated suburb very popular with families with good options to buy and sell homes.
Real Estate in Lambton
Median selling price for houses here is $703,500 in August 2020. This is at an increase of 8.3% in the period August 2019 – August 2020 as compared to previous year. Median selling price of homes in August 2019 was $650,500. Total annual sales of homes was 79 in August 19-August 20.
The median rent for homes is $450 per week in August 20. Thirteen houses were listed for rent in the last month on the market.
Median selling price for units here is about $497,500 in August 2020. The increase in price was 3.55% in August 2020 compared to the price in the previous year. Total annual sales of units was 31 in the August 19-August 20 time period. Five units were listed for rent in the last one month for a rent of $400 per week.
Lambton is reasonable for property management as you can buy and sell homes and units currently.
Population in Lambton
This suburb is home is definitely preferred by families. There are 34% childless couples, 45% couples with children and 20% single-parent families.
Seniors above the age of 60 are 21% people. Between 40 to 59 years, there are about 29% people, and between 20 to 39 years there are about 25% people. Up to 19 years, there are about 25% babies and children.
The maximum people here are in the 40-49 years age group. Couples with children are the primary age group here. Mortgage repayments range from $1800 – $2399 per month. Professionals love this suburb.
Income in Lambton
Household income is up to $52,000 for about 36% households. The same is between $52,000 and $130,000 for another 34% households. The rest earn between $132,000 to $182,000.
Homes in Lambton
32% homes are fully owned, 30% are purchasing homes and 36% are living in rented accommodation.
Real estate here is good for both investment and rental purposes with decent increase in prices. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, do contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au