New Lambton Suburb Profile
2023 Suburb Profile: New Lambton NSW 2305
New Lambton is a charming suburb located within Newcastle. This leafy suburb exudes a warm and inviting family-friendly atmosphere, where community spirit thrives, and convenience is at your doorstep. From quality schools to green parks, diverse dining options, and easy access to both the city centre and the beach, New Lambton offers the perfect blend of suburban tranquillity and urban accessibility. New Lambton has become a sought-after suburb for both families and professionals.
New Lambton Property Market Guide
Property Types:
New Lambton offers a range of different property types to suit various preferences such as charming heritage homes featuring unique architectural details, to townhouses or apartments/units, right through to new developments. The predominant property type in New Lambton is freestanding houses and this suburb is one of the only mid-ring suburbs in Newcastle to offer 500m2+land sizes. As a result, New Lambton has become a hotspot for growing families.
Median Property Value:
As of latest data New Lambton’s median property value is $1,020, 000. This is heavily influenced by the land size of the typical plot, rather than the location & proximity to CBD. The median property value also reflects the desirability of the suburb from a lifestyle & amenities standpoint.
Rental Prices:
Median rental prices for houses in New Lambton typically range from $600-$650 per week, while units or apartments can be rented for around $450-$500 per week.
Future Growth Prospects:
New Lambton's property market has shown consistent growth over the years, making it an attractive option for property investors. Its proximity to Newcastle's CBD and various amenities bodes well for future growth prospects and demand.
Schools
New Lambton offers a range of quality educational options:
Distance to CBD and Closest Beach
New Lambton is approximately 7 kilometres from Newcastle's CBD, making it a convenient commute for those working in the city.
Merewether Beach, one of Newcastle's most iconic beaches, is approximately 5 kilometres away.
Local Cafes, Bars, and Restaurants
New Lambton is home to a range of different dining options, with something to love for everyone including:
Public Spaces
Residents of New Lambton can enjoy several public spaces for recreation and relaxation, including:
New Lambton's blend of suburban tranquillity, supply of essential amenities, and convenient commute to Newcastle's CBD make it a highly desirable place to live in the region. Whether you're a family looking for a peaceful neighbourhood or a professional seeking convenience, New Lambton offers a welcoming and vibrant community to call home.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the local market.