Lake Macquarie LGA, New South Wales
The municipality of Lake Macquarie on the edge of Newcastle has shown itself to be one of the stayers of New South Wales real estate. It’s also poised for good growth in 2018 and beyond, with the Newcastle region emerging as one of the strongest markets in the state.
An example of the steady nature of this market is the suburb of Charlestown, which has produced highly consistent sales numbers quarter-by-quarter over the last three years. This earned it Hotspotting’s award as Australia’s most consistent market in the Autumn 2017 edition of The Price Predictor Index.
State Government plans to open up the region to serious employment and population growth have resulted in major spending on transport infrastructure in this region.
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 - with more expected to come, given the high growth in the suburbs of neighbouring Newcastle City.
This report covers Lake Macquarie, Belmont, Cardiff, Caves Beach, Charlestown, Cooranbong, Glendale, Mount Hutton, Swansea, Toronto and Warners Bay.