One of Newcastle’s most sought after and tightly held suburbs, Lambton offers a great investment for owner occupiers, first home buyers and investors alike with the suburb offering strong financial benefits as well as lifestyle and entrainment opportunities.
During 2018, the Lambton apartment market saw continued growth, achieving 9.7% growth year on year based on median sales prices. Whilst there were effects of the property market slowing felt across the Metro markets, this effect was not see as much in strong suburban markets including Lambton.
Across the past 20 years, Lambton has seen continued success. 2018 produced the second greatest number of apartment sales during this period.
Lambton is situated ideally in close proximity to Newcastle’s centre and provides direct access to the city’s entertainment precincts and superb beaches, all located within a 10 min drive. Within the suburb itself and all within walking distance of 121Elder are local cafes, restaurants, fashion boutiques, sporting facilities and parks.
The amenity of the location set’s Lambton apart from other suburban centres of Newcastle and for this reason attracts continued interest.
For those looking to invest, 2018 saw rental yield continue to increase year on year, achieving a growth of 3.5%, with rental yields on units in 2018 seeing stronger growth than that of houses in the suburb.
121Elder is situated in the heart of this thriving urban centre. Offering access to a lifestyle that’s second to none, Lambton and 121Elder is a unique offering that should be on the top of your list.
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*Reference: PriceFinder.com.au; SUBURB FLYOVER REPORT - LAMBTON (UNIT)
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