Lambton, NSW, 2299
Situated 8 km west of the CBD, Lambton is ideally situated to take advantage of all Newcastle has to offer. Originally a coal mining settlement, Lambton combines historic architecture with family friendly amenities. Bordered by Wallsend to the west, Broadmeadow to the east, Lambton North to north and New Lambton to the south, Lambton is the gateway to the western suburbs of Newcastle.
Home to just over 5,000 people, Lambton is mainly a residential suburb with some light industrial and commercial businesses in the east. Families make up just over 50% of the population, with the average age sitting at 37. Owner/occupiers comprise 62% of all properties in the suburb, with a median household income of $1,141 and an average monthly mortgage repayment of $1,733.
In Lambton, houses have an average long term growth of 6.83%, on par with the unit growth rate of 6.78%. However, units provide a better rental investment, with a median rental yield of 4.12% and 12 month growth rate of 35.36%. Steady growth for both houses and units is expected to continue in future, ensuring properties in Lambton remain a solid investment.
Median house price - $670,000
Median unit price - $467,000
Median weekly house rental price - $450
Median weekly unit price - $370
Median house rental yield - 3.49%
Median unit rental yield - 4.12%
12 month growth (houses) - 4.69%
12 month growth (units) - 35.36%
Average long-term growth (houses) - 6.83%
Averaged long-term growth (units) - 6.78%
A leafy, family-friendly suburb, Lambton is home to many period properties, rich in heritage features. To appeal to more buyers, highlight period features in your home. Repaint ceiling roses and ornate cornices, highlight original fireplaces, refinish traditional hardwood floors and make a feature of dado boards and picture rails. With renovated heritage properties highly sought after in Lambton, make the most of period features in your home to achieve a quicker sale.
Lambton is a popular suburb for families, a short drive to everything the Newcastle LGA has to offer. It makes sense to style your property with families in mind, to take advantage of this market. To secure the best price for your home, stage a room as a second living space or teenage retreat, to show the size and flexibility of your property. Highlight convenient off-street parking options and ensure there’s enough storage to meet the demands of busy families.
If you’re looking to sell your Lambton home, consider introducing modern conveniences to attract more buyers. While period features are highly valued, smart features, such as integrated sound systems, security alarms and smart door locks, make life easier and more convenient for busy families. Many buyers in Lambton prefer ready-to-move into properties, able to fit into their busy lives. Make the choice to buy your property easy, by highlighting these features.
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Public |
Catholic |
Independent |
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Lambton PS Lambton HS |
St John’s Lambton St Therese’s New Lambton Corpus Christi Waratah San Clemente (7-10) St Pius (7-10) St Francis Xavier (11-12) |
Newcastle Grammar School St Philip’s Christian College Hunter Christian School |
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Medical |
Clubs |
Pubs |
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John Hunter Hospital Newcastle Private Hospital Elder St Practice Alma Rd Family Practice |
Wests New Lambton Lambton Bowling Club |
Lambton Park Hotel Northumberland Hotel Mark Hotel Snake Gully Hotel |
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Landmarks |
Parks |
Supermarkets |
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Lambton Park Rotunda Lambton Pool Lizotte’s (old King’s Theatre) |
Lambton Park Johnson Park Armstrong Park Lewis Oval |
Lambton Grocer Ritchies IGA New Lambton Waratah Village Westfield Kotara Ritchies SUPA IGA Broadmeadow |
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