Lake Macquarie Research Factsheet 1st Half of 2018

The Lake Macquarie property market is a well-established area that is geared for ongoing growth over 2018. In Q1 2018 median house prices were recorded at $656,000 and median unit price of $525,000, representing a 6.7% of annual median price growth (Q1 2017 – Q1 2018) whilst, units experienced an astonishing annual growth rate of 14.1%. Furthermore, Lake Macquarie show its strength against the wider local government area of Lake Macquarie City Council, with annual price change of 3.8% (to $575,000) and unit prices by 9.5% (to $460,000). Lake Macquarie offers a more premium market both from an entry price and capital growth rates perspectives.

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