Newcastle | Hunter Market Update
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What regions are covered in the Newcastle and Hunter market update?
It's The Real Estate Podcast brought to you by ANZ Home Loans for financial well-beings.
And welcome to another episode of The Real Estate Podcast available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from. Here we are, a Friday morning, the last day for September for 2022. Don't know where the week has gone, but it's up. And coming up, we're going to be talking very shortly with Kevin Mason from Property Buyer. All about buying property in Newcastle and a couple of other areas this morning. And the luxury end of the market over the boom has seen, as you know, record prices paid. And in some cases, astonishing amounts of money have changed hands for luxury properties. And on Monday, we're going to take a look at what is happening in that space of the luxury Sydney market with Monica Liu.
In fact, Domain reported that more than 1,000 homes nationally sold for more than $10 million over the past two financial years. And Mossman was right there in amongst it. It had the most house sales above the $10 million mark last year. And Ray White economist Nerida Connersby says that there was 561 houses sold for more than $10 million last financial year, and that is up from $449 on the previous year. So yes, the pandemic has been better than great for the luxury end of the market, particularly in Sydney.
It's your weekday real estate breakfast with news, interviews and predictions every morning on The Real Estate Podcast.
Well, next Tuesday, it is all happening again for young and old. What is it? It's another rate rise that is coming to a town near you. And people that I've spoken to over the last couple of weeks seem to think that there is more of a chance this time round for a 25 basis points rise rather than a 50. But where it lands is anybody's guess.
What lifestyle benefits attract buyers to Newcastle and the Hunter region?
I'm going to go with 25 basis points, but, you know, I've got a 50% chance of getting it wrong. It would be nice, wouldn't it, to have a bit of a breather, have a 25 instead of a 50. But we will find out soon enough on Tuesday. Hey, if you're celebrating your birthday for the 30th of September, you are celebrating with Martina Hingis, the ex-professional tennis player. I think she got stabbed too, didn't she? She is turning 41 today. And Max Verstappen, the man that is taking it to McLaren in the F1. He, of course, driving for Red Bull. He is turning 24 years young today. And if you're looking for a movie over the weekend, a movie I was watching last night, I haven't got to the end of it. It's called Blonde.
It is the Marilyn Monroe story. Just when you thought you knew all that there was to know about Marilyn Monroe, a whole lot of new information comes to light. So I can definitely recommend Blonde if you want to catch a movie over the weekend on Netflix.
It's your real estate podcast for breakfast. It's the Maine Centre Forecast with PRD, selling smarter every day.
Let's head around Australia and have a look at our weather on this Friday morning and grab the raincoat if you're heading out the door today from Sydney, expecting showers and a high of 21 degrees. In Melbourne, should be mainly dry, partly cloudy, but a high of 19 degrees. Brisbane, mostly sunny with blue skies, 27. And in Perth today, also sunshine and 29 degrees on your Friday morning.
We talk with leading property commentators with analysis, predictions, forecasts and what's trending every morning from 6.30.
And this morning we're going to be talking about Newcastle, Hunter, the Port Macquarie and Lake Macquarie regions, which is located just 1.5km five hours north of Sydney and contains some really beautiful spots where you can find an idyllic lifestyle for less than half the price of Sydney. Now, you might have heard of places like Meriwether Beach or the holiday enclaves of Salamander Bay and Fingal Bay. And then there's the luscious acreages and the stunning wine country around Poe Colborne. Now, many people have fled the cities and are now enjoying an enviable lifestyle in these areas. And to find out more on what's happening with this real estate, I am joined this morning by Kevin Mason, in for Rich Harvey, Principal Buyer's Advocate from propertybuyer.com.au.
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Chapters
7 chapters
1
What regions are covered in the Newcastle and Hunter market update?
0:02–2:15
2
What lifestyle benefits attract buyers to Newcastle and the Hunter region?
2:15–5:52
3
What property types can you buy in Newcastle for different price points?
5:52–7:37
4
How do rental yields and vacancy rates compare in Newcastle?
7:37–9:13
5
What affordable suburbs should investors consider in the Hunter region?
9:13–9:55
6
How has the property market changed in Newcastle post-pandemic?
9:55–10:07
7
What are the key trends in the Newcastle real estate market?
10:07–10:16
Speakers
3 identifiedMore from Aussie Real Estate Podcast
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