Newcastle property market strong despite likely rate rise
ANOTHER likely rise in interest rates was unlikely to noticeably dampen the Newcastle property market, real estate agents said yesterday.
On a weekend when four house auctions listed in The Herald all met with success, agents said the Hunter market was stronger than it had been for some time.
Dalton Partners agent Andrew McGavin said a three-bedroom weatherboard at 6 Hopkins Street, Merewether, sold under the hammer for $430,500, which was $10,000 above the reserve.
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