Extremely low vacancy signals structural undersupply in the rental market, creating long-term price pressure.
VERDICT
STRONG BUY
Rental Pressure Market
DEMAND
24 buyers/listing
Neutral→
LIQUIDITY
41d DOM
Weak↓
AFFORDABILITY
-5.5% vs 5yr
Strong↑
GROWTH OUTLOOK
Strong
Strong↑
YIELD
4.2%
Strong↑
SUPPLY PRESSURE
0.6% vacancy
Strong↑
#3/74StrongStructure 88$816KTop 2.4% nationally
Atlaso rates Lemon Tree Passage houses as STRONG BUY, our highest conviction rating. Vacancy is extremely tight at 0.56%, well below the 2.5% equilibrium, and rental yield of 4.2% is above the national average. Historically, 90% of suburbs we rate STRONG BUY grew more than 8% annually.
At $816K, Lemon Tree Passage ranks #3 of 74 houses in Newcastle. The long-term structural outlook is Strong.
Lemon Tree Passage Price History
All houses · monthly median sale price
Market Intelligence
What's Happening Now
Shifting to SellersMarket tightening. Act sooner rather than later.
+3.4%
Asking Prices (3mo)
+1.9%
Rents (12mo)
0.6%
Vacancy ↓
39%
Fresh Stock (<30d)
House Asking Prices (12 months)
$873K
House Weekly Rents (12 months)
$624/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 2319.
Suburb Profile
Lemon Tree Passage at a Glance
SEIFA Index
2/10
Below average
Household Income
$1,111/wk
Median household
Median Age
50
Years
Mortgage Stress
32%
of income (stressed)
Population Growth
-9.8%
vs state +1.4%
Ownership Mix
41.9%owned23.0%mortgage23.6%renting
Demographic Trends
Lemon Tree Passage Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Lemon Tree Passage Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Lemon Tree Passage as STRONG BUY confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Lemon Tree Passage and 46 Australian cities to generate this rating.
What is the median house price in Lemon Tree Passage?
The current median house price in Lemon Tree Passage, nsw is $816K, with annual growth of +26.9%. Properties sell in approximately 41 days.
How fast do properties sell in Lemon Tree Passage?
Properties in Lemon Tree Passage sell in 41 days on average. The market is currently rated Strong. This is in line with the broader market.
What is the growth outlook for Lemon Tree Passage?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Lemon Tree Passage's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Lemon Tree Passage?
The gross rental yield for houses in Lemon Tree Passage is 4.2%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).