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Newcastle Herald
Newcastle Herald
National
Jade Lazarevic

Property sales take a dive

CoreLogic Kaytlin Ezzy Newcastle Lake Macquarie Australia

Fewer properties in Newcastle and Lake Macquarie are changing hands according to a new report, with the region recording one of the largest declines in property sales in regional Australia.

The big drop: Newcastle and Lake Macquarie have recorded one of the largest declines in property sales in regional Australia. Picture: Max Mason-Hubers

A new CoreLogic report on 25 of Australia's largest regional markets found that the number of house and unit sales in the region declined by 9.1 per cent in the 12 months to May 2022.

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