Lambton Property Management
Lambton is a suburb of Newcastle in New South Wales, Australia. It is located 6 km. from the Central Business District (CBD). It started out as a coal-mining town. The coal mine closed in the late 1950s. It became a Municipality including the suburb of Jesmond on 24 June 1871. Lambton was the first municipality in Newcastle that was lit by electricity. Lambton has a population of around 4,909 as per 2016 census. The initial miner residents indulged in gambling and dog races.
Lambton was incorporated in the City of Greater Newcastle in 1938. The suburb has been important for sporting history having hosted the first soccer match played in Australia. It was also home to Newcastle’s oldest rugby league football club called Western Suburbs (NCLE) Rosella's.
Lambton boasts of Lambton Park in the town centre that is a big attraction. It has a children’s play area, cricket, soccer, rugby fields and tennis courts. It also has huge swimming pool, diving pool and lovely gardens.
Real Estate in Lambton
Median selling price for houses in Lambton is $660,000. This is at a decline of -3.6% compared to previous year. Median selling price of homes in 2017-18 was $685,000. A total of 75 houses recorded sales were made in the period of Apr 2018 - Mar 2019. Buying homes is a good investment here as prices are low currently. The sale of homes peaks in April, July, September, October and November. Average rental for homes is $400 per week. Rentals are growing at 3.2% annually. Number of current home rentals is 99.
For units, median selling price is $479,950 which is at a dip of -0.2% as compared to last financial year. The average median price in the previous year was $481,000. There were 70 sales last year. Current median weekly rent is $310 at a growth of 3.4% based on 35 rentals last year.
Lambton has good real estate investment opportunities that are perfect for property management.
Population in Lambton
Lambton has a mix of younger and older people. Families include 44% couples. 34% of them have no children, and 20% are single-parent homes. Seniors above the age of 60 are about 1000 people. Between 40 to 59 years, there are 1400 people, and between 20 to 39 years there are more than 1200 people. Below 5 years, there are 300 little kids and babies while between 5 to 19 years, there are 950 children and teens. Weekly household income is $1500+ for about 800 people. The same is between $500 to $1449 per week for another 600 people. The remaining working population earns below $499 per week. 36% of the suburb’s residents are employed in full-time work while 20% are part-time workers. 69% of them drive their car to work and 3% walked to work. 34% of them are not in labour force accounting for the students and babies and 4% people are unemployed.
As far as homes are concerned, 32% homes are fully owned. 30% people are purchasing homes and 36% are renting accommodations. When we look at dwelling structures, 77% are separate houses, 8% are flats and 15% are semis/terraces. If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle.
Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au