Three signs the Newcastle housing market is hot

Three signs the Newcastle housing market is hot
Three signs the Newcastle housing market is hot

The Newcastle housing market has been described as peaking by Herron Todd White in its lastest property clock.

He are three samples. 

1. 5/58a Smith Street, CHARLESTOWN 2290 (above)

Sold for $272,000 in September.

The 968 sqm unit was sold for $272,000 after $260,000 hopes from selling agent Rodney Goodwin of PRD Nationwide.

The one bedroom, one bathroom property was last traded in 2012, selling for $230,000.

Three signs the Newcastle housing market is hot

2. 84 Robert Street, WICKHAM 2293 (above)

Sold for $615,000 in July.

The property was listed with a guide price of $575,000. 

The residence was lasted traded in 2001 for $191,000.

The property was put up for rent in early in 2011 at $400 per week and increased to $425 per week when marketed for rent in late 2013.

Three signs the Newcastle housing market is hot

3. 57 Laman Street, COOKS HILL 2300

Sold for $620,000 in May. 

The renovated property was purchased for $310,000 in 2008 so has doubled in value over seven years.

The two bedroom, two bathroom home was listed with a price guide of over $575,000.

Newcastle houses are at the peak of the market, according to Herron Todd White's latest property clock.

Tags: 
Residential Development Newcastle

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