The Hunter has recorded some of the largest house price increases in Australia over the past year as more people seek to move to the region in search of lifestyle options they could only dream of in capital cities.
Fairfax Domain Group data released on Thursday shows Port Stephens is leading the Hunter price boom with a year on year increase of 16 per cent followed by the Upper Hunter with an increase of 15.9 per cent.
Newcastle recorded year on year increases of 7.9 per cent, Lake Macquarie 6 per cent and Maitland 5.9 per cent.
By comparison, Sydney house prices have experienced a 4.5 per cent fall over the past year.
The median house price in Sydney now sits at $1.14 million compared to $650,000 in the Lower Hunter.
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Article Author: Matthew Kelly
Newspaper: Newcastle Herald
Date: JULY 26 2018