Number of Million Dollar Suburbs In Newcastle And Lake Macquarie Increases

Not surprising off the back of record property price growth nationally, there has been a surge in the number of regional and coastal million-dollar suburbs. 

Once the sign of owning a prestige home, properties selling for $1million+ have become increasingly normal across hundreds of suburbs around the country. And here in Newcastle and Lake Macquarie, there have been 14 newly-added million dollar suburbs as at March 2022. 

According to a recent article on realestate.com.au:

• The rapid shift in demand into regional markets has pushed prices higher and driven a surge in the number of new $1 million suburbs outside of the capital city markets.
• As at March 2022, more than half of NSW's 181 new million-dollar suburbs are in regional areas, with many in coastal regions.
• While there were many new $1 million suburbs in Sydney, the increase in regional markets was greater, also reflective of the stronger price growth outside Sydney

New Million Dollar Suburbs In Newcastle and Lake Macquarie

As at March 2022, the list of NEWLY ADDED million-dollar suburbs in the Newcastle and Lake Macquarie region that achieved a median house price of $1 million plus (based on 12 month rolling median price to February 2022) includes:

1. Brightwaters ($1.45m)
2. Caves Beach ($1.40m)
3. Coal Point ($1.07m)
4. Dudley ($1.20m)
5. Eleebana ($1.10m)
6. Lakelands ($1.08m)
7. Maryville ($1.06m)
8. New Lambton Heights ($1.07m)
9. New Lambton ($1.00m)
10. Nords Wharf ($1.03m)
11. Speers Point ($1.05m)
12. Stockton ($1.00m)
13. Valentine ($1.05m)
14. Whitebridge ($1.21m)