Expensive houses cop biggest Hunter property price hit

Buyer's agent Chad Dunn expects a flood of houses on the market in the next two months as borrowers reach the end of their fixed-rate periods.

Expensive houses in the Hunter have taken a much bigger price hit over the past year than properties at the lower end of the market.

A new report on the regional Australia property market from analysts CoreLogic shows the most expensive 25 per cent of houses in Newcastle and Lake Macquarie have dropped 10.9 per cent in value in the past year.