Lake Macquarie LGA, New South Wales
High levels of residential and commercial building approvals in the past two years attests to the popularity of the Lake Macquarie LGA, on the edge of Newcastle.
Affordability and a relaxed water-side lifestyle are two of the key drawcards.
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 the continuation of price growth in 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.