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Newcastle Herald
Newcastle Herald
National
Renee Valentine

Property: The record-breaking suburbs so far in 2020

The $6 million sale of a luxury waterfront estate in Eraring this month raised the watermark substantially for Lake Macquarie.

The $6 million Lake Macquarie sale of a luxury waterfront estate in Eraring this month continued a string of record results for the region this year. Here is where the ceilings have been raised so far in 2020:

Eraring.$6 million for 7 Foreshore Street.

Bar Beach. An undisclosed sale believed to be over $5.525 million for a five-bedroom, three-bathroom home with ocean views at 96 Memorial Drive.

Port Stephens. $4.775 million off-market sale of a waterfront residence at at 191 Soldiers Point Road in Salamander Bay.

Belmont. $4.25 million for a waterfront mansion at 148 Ross Street.

New Lambton. The $3.86 million off-market sale of a five-bedroom residence on three-quarters of an acre at 5 Ridge Lane.

Lambton. Over $3 million is believed to have been paid for a six-bedroom house on a battleaxe block 4488 square metres in size at 1A Karoola Road.

Warners Bay. An undisclosed sum was paid fora waterfront home at526 The Esplanade, which is believed to have been marketed with a guide of $3 million. It had five bedrooms, four bathrooms, a gymnasium, a solar and gas-heated swimming pool.

Speers Point. $2.75 million sale of 9 Berkeley Street.

Murrays Beach. $1.63 million for a five-bedroom, five-bathroom home on 1284 square metres of waterfront reserve land at 21 Nine Acres Way.

Cardiff Heights. $1.63 million for a five-bedroom residence with a resort-like swimming pool on around 1.85 acres of land at 24 Cockburns Lane.

Adamstown. $1.61 million for 71 Lockyer Street.

Islington. $1.41 million for a warehouse conversion at14 Power Street.

Elermore Vale. Well over $2 million is believed to have been paid for a five-bedroom residence on 2.14 hectares at 22 Paddock Close.

Tighes Hill. $1.5 million for5 Sparke Street on Throsby Creek.

Well over $2 million is believed to have been paid for a five-bedroom residence on 2.14 hectares in Paddock Close this year for a new Elermore Vale suburb record.

Other big sales include $5.45 million for penthouse in The York.

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