Newcastle property growth best on coast
NEWCASTLE'S property growth outpaced every other NSW coastal region in the past year, data issued yesterday revealed.
The figures, from property information service RP Data, showed that Newcastle recorded a 1.5 per cent jump in median price in the 12 months to December, to $340,000.
This was a huge feat, given that 23 of the 29 coastal regions surveyed showed no change or falls in median prices.
There was a similar change in Newcastle median prices during the past five years, while there was a jump of more than 10 per cent during the past 10 years.
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