This is a prestigious and popular suburb of Newcastle is renown for large family sized blocks with million dollar views across Newcastle. Leafy streets, popular schools nearby and village shopping districts with great eateries. It’s a popular choice for school catchment areas and demand for this suburb is strong with families. It’s easy to see why this suburb has people lined up ready to buy.
Types of properties – freestanding Californian bungalows and weatherboard cottages. As well as architecturally designed million dollar properties, which blend perfectly with other styles in the area.
It boasts Blackbutt Natural Reserve and its close neighbour Richely Reserve, with nature trails, huge children’s playground and picnic areas with a free entry wildlife exhibitions. It’s a firm favour within the local area and a ‘must visit’ attraction within Newcastle.
With a population of around 9733 (2011 census) and is predominately made up of established couples and families, closely followed by older couples and families with elderly singles sitting at 12.6% of the population. (realestate.com.au statistics)
AVERAGE PROPERTY PRICES
New Lambton House: Median price $672,500, Average Annual Growth 6.40%, Number of sales 165, Weekly median advertised rent $450.
New Lambton Unit: Median price $440,000, Average Annual Growth 5.55%, Number of sales 55, Weekly median advertised rent $340.
(Correct as at 12th Oct 2017 – via Core Logic)
Property Solutions 101 Success Story
Our team recently purchased this gorgeous property for our clients.
We listened to our clients brief, analysed their criteria and identified this property in Jean St New Lambton to be the perfect investment property for our clients. We then negotiated strongly and successfully secured the property on behalf of our busy clients.
Purchased Price: $760,000
3 (beds) 1 (bath) 2 (Car Spaces)
No stress, smooth process and happy clients!
- 3 primary schools nearby
- 0 high school (closest neighbouring suburbs)
- 1 Catholic school
POINTS OF INTEREST
- Blackbutt Reserve & Ritchley Reserve
- John Hunter Hospital
- Regent St Shopping including
- Orchardtown Road Shopping Village including Blackbutt Hotel
- Minutes from Westfield Kotara (shopping centre)
- Close proximity to large-scale sporting precinct including the Entertainment Centre & Stadium.
- Council run Library
LOCAL CAFÉ HOT SPOTS
- Euro Patisserie
- Sweet Bean Café New Lambton
- Corner Lane Espresso
- Black Circle Café
- The Locale
- Chaddie’s on Regent
- Paul’s Asian Affair
- Hobarts Restaurant
- Open Dorz
- Blackbutt Fish & Chips
- Blackbutt Hotel
- Balance Health Club
- Studio One
- Planet Fitness Lambton
- WellFit Personal Training
If you’re interested in finding out more about the New Lambton real estate market – or how you can benefit by having a professional buyer’s agency team help you in your property search get in touch with our team below.