Will the Newcastle property market follow Sydney’s steep downturn?
Have you noticed the stories of Sydney’s steepest property downturn in decades splashed across the media? Understandably, this news can be alarming for property-owners in Newcastle and Lake Macquarie as our prices have directly followed the Sydney market in the past.
We believe, however, this correlation between Sydney and Newcastle prices is changing. Newcastle is becoming a stand-alone economy, increasingly less impacted by the Sydney market. Read on to find out how Newcastle is breaking-free from the Sydney price cycle and...