NATIONAL HOUSING VALES
Dwelling values rose 2.2% from July to September, the largest quarterly increase since May 2024 (also 2.2%).*
Annual growth trended higher for the fourth consecutive month, 4.8% in the 12 months to September (up from 3.7% for the 2024-25 financial year).
LOCAL MARKET
Days on market dropped to 28 days for the Newcastle LGA in September. The lowest since Feb 2022 (also 28 days). Lake Macquarie and Port Stephens also reported their lowest median days on market this year.**
There was a seasonal uplift in new listings for the spring-selling-season. However, stock levels generally remain tight compared with historical averages (nationally and locally).
MARKET OUTLOOK
Favourable selling conditions include lower interest rates and an expanded Home Guarantee Scheme to support higher sales values.
(Excitingly, the Newcastle and Lake Macquarie regions match Sydney’s property price cap of $1.5M. The scheme for first home buyers came into effect on Oct 1.)
Sources:
*Cotality’s Monthly Housing Chart Pack for October 2025
**Local data sourced from realestate.com.au’s monthly Market Insights Report
MONTHLY HIGHLIGHTS
- 3-bedroom Glendale home sells in 22 days for $950,000
– a whopping 54 groups inspected!
– 4 open homes
– Offers from 4 parties
- Original 3-bedroom home on the Pacific Highway in Highfields sells for $935,000.
The buyers plan to subdivide the large block, restoring the original home to its Art Deco glory and constructing a second dwelling at the rear.