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New Lambton Heights vs Picton

Property investment comparison - New Lambton Heights, NSW 2305 vs Picton, NSW 2571

Head-to-head across core investment metrics: New Lambton Heights wins 3, Picton wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricNew Lambton HeightsPicton
Median house price$1.3M$1.3M
Median unit price-$620K
Gross rental yield (houses)3.76%-
Gross rental yield (units)3.75%-
1-year house growth+8.9%+4.9%
3-year house growth+31.2%+19.3%
Vacancy rate2.3%2.0%
Population2,6105,282

New Lambton Heights vs Picton: what the numbers say

The median house price is $1.3M in New Lambton Heights and $1.3M in Picton, so New Lambton Heights is the cheaper entry point.

Over the past year house prices moved +8.9% in New Lambton Heights and +4.9% in Picton, so recent momentum favours New Lambton Heights, although both suburbs recorded growth.

Looking back three years, New Lambton Heights houses are +31.2% and Picton houses +19.3%, so New Lambton Heights has compounded faster than Picton over the longer window.

Rental vacancy is 2.0% in Picton and 2.3% in New Lambton Heights, so landlords in Picton face less competition for tenants.

Picton is the bigger suburb, with a population of 5,282 against 2,610, roughly 2.0 times the size of New Lambton Heights; a larger suburb usually means a deeper pool of buyers and tenants.

In short: New Lambton Heights for a lower purchase price, New Lambton Heights for recent price momentum, Picton for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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