Hunter property prices outpace Sydney
NEWCASTLE house prices have risen three times as quickly as those in Sydney over the past six years, new research reveals.
Australian Property Monitors data shows that Newcastle's median house price rose almost 17 per cent to $355,000 in the six years to December.
The median price in December 2003 was $295,000.
Sydney prices in that time grew 5.5 per cent only, from a median of $563,236 to $595,745.
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