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Newcastle Herald
Newcastle Herald
National
Jade Lazarevic

Buy? Sell? What six property experts say will happen in Newcastle in 2024

Newcastle Chad Dunn Sydney Belle Property Eliza Owen Lake Macquarie Interest Rates CoreLogic
House and unit values across Newcastle and Lake Macquarie recorded the strongest growth in NSW with a monthly increase of 1.3 per cent in November. Picture supplied

AUSTRALIA'S property market faced the challenge of rising interest rates in 2023 as the Reserve Bank of Australia handed down five cash rate hikes throughout the year.

The first in February lifted it to 3.35 per cent and by November it had reached a 12-year high at 4.35 per cent.

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