Lake Macquarie LGA, New South Wales
Affordability and a relaxed water-side lifestyle are two of the drawcards to the municipality of Lake Macquarie on the edge of Newcastle.
The region has been showing steady growth since 2017 and continues to deliver solid demand and rising prices.
The broader area of Charlestown, Glendale and Morisset has been identified as a major regional centre, meaning it will attract Government and private funding with a focus on transport.
This, coupled with prices considerably more affordable than Sydney’s, low vacancy rates and good transport links, has led to double-digit price growth in some suburbs of the Lake Macquarie LGA over the last 12 months.
This report covers Lake Macquarie, Belmont, Cardiff, Caves Beach, Charlestown, Cooranbong, Edgeworth, Eleenbana, Gateshead, Glendale, Morisset, Mount Hutton, Swansea, Toronto and Warners Bay.