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Newcastle Herald
Newcastle Herald
National
Renee Valentine

Buyers move fast as demand continues to outstrip supply

SOUGHT AFTER: This home in Hamilton South's Darling Street was secured within its first week on the market for an undisclosed sum.

Low stock levels are continuing to drive quick sales and strong results, according to First National Newcastle City's George Rafty.

Mr Rafty listed a circa 1915 house with two bedrooms on a 584 square metre block at 13 Darling Street in Hamilton South with a guide of $1.3 million to $1.4 million.

It was secured within seven days for an undisclosed sum believed to have been above the guide.

A four-bedroom brick home at 32 Everton Street in Hamilton that he listed with a guide of $1.4 million to $1.5 million also sold quickly for an undisclosed price.

"Hamilton South has always been desirable but, because there's such limited stock, people are trying to jump in quickly to secure property before auction," Mr Rafty said.

Belle Property Lake Macquarie reported a two-bedroom house at 5 Murray Road in Cardiff attracted 19 offers before selling for $720,000.

AFFORDABLE: This two-bedroom home in Cardiff's Murray Street attracted 19 offers before selling for $720,000.

A five-bedroom home in an elevated position at 3 Noble Street in North Lambton has been sold by Harcourts for $1.46 million.

ELEVATED: This five-bedroom home in North Lambton's Noble Street has been sold for $1.46 million.

A four-bedroom house at 74 Northumberland Street in Maryville that was marketed by Harcourts has been secured at auction for $1.34 million. It exchanged for $845,000 in March last year.

SUBSTANTIAL INCREASE: This Maryville home sold under the hammer this month for $1.34 million. In March last year it exchanged for $845,000.

PRD Newcastle and Lake Macquarie have sold a three-bedroom home at 11 Platt Street in Waratah for $925,000.

It was marketed with a guide of $800,000 and was set for auction on September 29.

PERIOD CHARM: This three-bedroom home in Waratah's Platt Street was secured before auction for $925,000.
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