When many Newcastle and Lake Macquarie suburbs experienced a market downturn last year, Lakelands bucked the trend and demand has continued into 2020.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The suburb's median house sale price rose 5.9 per cent from $786,000 for 21 sales in 2018 to $832,500 for 18 sales in 2019, according to Australian Property Monitors data. Those included a new suburb high of $1.4 million for 7 Embleton Court, which sold in April prior to auction.
Belle Property Charlestown marketed the home and agent Anthony Di Nardo reported strong enquiry again for a new listing at 15 Gosforth Grove set for auction next month with a guide of $1.175 million to $1.3 million.
Related content:
The three-bedroom home with a pool is on 1420 square metres of land and positioned in "one of the best streets in Lakeland". It is open for the first time today at 1pm.
Mr Di Nardo is also marketing a top-end Warners Bay home at 11 Beryl Street. The split-level home with lake views has been remodelled to offer five bedrooms, three bathrooms and multiple outdoor living spaces. It is also set for auction next month with a guide of $1.5 million to $1.65 million and is open at 11am today. He said both homes had already generated "strong interest" with "an appetite" being seen for homes "through the Warners Bay, Eleebana, Valentine, Speers Point, Lakelands corridor".
While Warners Bay's median house sale dropped from $660,000 in 2018 to $618,500 for last year, according to APM data, it had its highest ever sale of $2.15 million for a luxury residence overlooking the lake at 540 The Esplanade last November.
