House prices in Newcastle and Lake Macquarie have increased substantially over the past 3 and 12 months according to CoreLogic's home value index. Over 3 months, median house prices increased between 4.1-11.8% across suburbs. Over 12 months, prices increased between 3.3-27.2%. The suburbs with the largest 12 month increases were Jewells at 27.2%, Floraville at 22.3%, and Macquarie Hills at 22.2%. The median house price across suburbs ranged from $533,483 to $1,485,685.
Original Description:
Newcastle and Lake Macquarie house prices, according to CoreLogic’s national home value index
House prices in Newcastle and Lake Macquarie have increased substantially over the past 3 and 12 months according to CoreLogic's home value index. Over 3 months, median house prices increased between 4.1-11.8% across suburbs. Over 12 months, prices increased between 3.3-27.2%. The suburbs with the largest 12 month increases were Jewells at 27.2%, Floraville at 22.3%, and Macquarie Hills at 22.2%. The median house price across suburbs ranged from $533,483 to $1,485,685.
House prices in Newcastle and Lake Macquarie have increased substantially over the past 3 and 12 months according to CoreLogic's home value index. Over 3 months, median house prices increased between 4.1-11.8% across suburbs. Over 12 months, prices increased between 3.3-27.2%. The suburbs with the largest 12 month increases were Jewells at 27.2%, Floraville at 22.3%, and Macquarie Hills at 22.2%. The median house price across suburbs ranged from $533,483 to $1,485,685.
according to CoreLogic’s national home value index (*suburbs with less than 20 sales observations, and low confidence in the median valuation have been excluded)
3-MONTH 12-MONTH MEDIAN
SUBURB CHANGE IN CHANGE IN VALUE INDEX VALUE INDEX VALUE FLETCHER 8.1% 13.6% $734,406 FLORAVILLE 10.2% 22.3% $690,369 GARDEN SUBURB 7.6% 23.6% $829,352 GATESHEAD 10.6% 20.7% $628,667 GEORGETOWN 8.4% 14.0% $706,342 GLENDALE 11.8% 25.7% $569,485 HAMILTON 8.4% 16.5% $893,314 HAMILTON SOUTH 9.0% 15.1% $1,223,210 HIGHFIELDS 7.5% 25.5% $748,090 ISLINGTON 7.2% 19.1% $766,319 JESMOND 8.5% 17.4% $562,569 JEWELLS 11.0% 27.2% $717,281 KAHIBAH 9.1% 25.6% $742,470 KILABEN BAY 4.1% 3.3% $694,221 KOTARA 7.1% 17.6% $728,228 KOTARA SOUTH 7.9% 18.3% $712,474 LAKELANDS 8.7% 22.3% $963,119 LAMBTON 7.5% 14.3% $824,558 MACQUARIE HILLS 9.6% 22.2% $618,545 MARKS POINT 11.2% 19.1% $697,531 MARYLAND 9.4% 15.0% $577,519 MARYVILLE 7.7% 18.3% $822,822 MAYFIELD 10.2% 17.8% $697,789 MAYFIELD EAST 10.2% 16.6% $734,460 MAYFIELD WEST 9.3% 18.3% $661,111 MEREWETHER 11.7% 22.9% $1,485,685 MORISSET 5.4% 6.3% $533,483 MORISSET PARK 7.2% 8.9% $766,884 MOUNT HUTTON 8.1% 21.2% $570,140 MURRAYS BEACH 8.1% 16.4% $935,099 NEW LAMBTON 4.6% 13.5% $833,453 NEW LAMBTON HEIGHTS 7.9% 21.2% $852,770 NORDS WHARF 11.1% 19.2% $685,864 NORTH LAMBTON 8.9% 15.1% $641,501