Local Insights:
New Lambton & surrounds

New Lambton and surrounds are established suburbs, where families tend to settle for long periods of time. These suburbs are popular because they are geographically central to most of inner-city Newcastle, yet with their leafy streets and close proximity to Blackbutt Reserve, these suburbs offer some tranquility amongst the hustle and bustle of everyday life.

Families are also attracted to the choice of schools in the area, and the fact that they’re also within close distance to John Hunter Hospital and Newcastle Private Hospital. The centre of New Lambton is a vibrant hub, home to popular neighbourhood cafes and shops, and a burgeoning nightlife thanks to the recent opening of Alfie’s Italian.

This area is seeing a generational change with younger buyers looking to establish themselves, and original owners looking at downsizing options.

Many of the homes in the area are older, which has brought an influx of buyers looking for opportunities to renovate and improve, with the view of staying on for years to come. The apartment and townhouse market is also popular for long term residents who want to remain in the area and downsize.

The highest average house sale in recent times was $1.18 million in New Lambton Heights, while units in the area can sell for just over $600,000. Homes in Rankin Park can expect to return on average around 3.98%, while apartments in Elermore Vale average 4.58% returns.