Cotality’s Research Team reports a very strong spring-selling season nationally for 2025. Director Tim Lawless recaps the year: “…housing values have shown a strong response to the 75 basis points of cuts delivered this year. Higher home values have been supported by a boost to borrowing capacity and sentiment, but also by persistently low supply…
Tag: maitland
Spring selling season ran hot according to October data. New listings spiked across the Newcastle, Lake Macquarie and Maitland LGAs, reaching their highest this year, and holding steady for Port Stephens. Sold listings rose across the Newcastle, Lake Macquarie and Port Stephens LGAs (Newcastle at its highest this year with 284 sales and its median…
Spring selling season is set for a boost in eligible buyers thanks to the Federal Government’s expanded Home Guarantee Scheme. From October 1 the scheme, which allows eligible first home buyers to avoid lenders mortgage insurance while purchasing a home with a 5% deposit, will now: – scrap income and place limits, and – raise…
New listings lifted in February across all four local LGAs. Sold listings also rose but weren’t as strong as February of last year (except for Maitland, which performed similarly: 140 sales vs. 141 last Feb). February sales are still higher than in 2023 across all four local LGAs, and similar to that of 2022, the…
Sold properties increased in November across the Newcastle, Maitland and Port Stephens LGAs by 6%, 15% and 25% respectively (Newcastle: 278, Maitland: 166, Port Stephens: 128). This was expected after the boom in new listings in October at the height of the Spring Selling Season. The Lake Macquarie LGA reported a slight drop in sales…
Data from REA Group shows a drop in sold volume for September, when traditionally we expect to see a lift coming into the Spring market. Across the Newcastle LGA, sales dipped to 224 in September from 244 in August and 250 in September of 2023. Other local LGAs followed suit: Lake Macquarie down to 251 from 265…