THREE neighbouring properties in Kotara are being sold in one line as a potential residential development site on the back of new planning policies implemented by the NSW Government.
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The amalgamated properties are listed with Colliers with price expectations of $5 million.
A concept plan has been prepared indicating the potential for approximately 68 apartments on the 2403 square metre site.
Read more about the site here.
A luxury new build in Fletcher has sold for a record-breaking price in an off-market sale despite being incomplete.
CoreLogic records show the five-bedroom, four-bathroom property recently settled for $3 million.
Harcourts Newcastle listing agent Tim Lojszczyk oversaw the deal that smashed Fletcher's record house price by $1.25 million.
Read more about the sale here.
A freshly renovated house in Kotara has also delivered a significant sale price.
A five-bedroom, three-bathroom property on Joslin Street fetched $2.107 million at auction, becoming the second most expensive house in the suburb.
Read more about the sale here.
Do you remember Lynch's Prawns?
A house owned by the family that operated the long-running seafood and bait shop in Newcastle has fetched more than $2 million at auction.
The property, on Nesca Parade at The Hill, had been held by the Lynch family since 1938.
Read more about the week's auctions here.
Swansea Heads is the latest suburb to deliver a record-breaking sale.
This week, listing agent Neil Fry of Belle Property sold a four-bedroom house at 3 Diamond Close for a suburb record of $2.3 million.
However, the suburb record sale could be short-lived as Mr Fry is marketing another property on Diamond Close with a guide of $3.7 million to $3.9 million.
Read more about the sale here.
On the hunt for a new home?
As Newcastle's median house price edges closer to a record high, buying a unit offers an affordable alternative to a house.
From a converted theatre in Carrington to a beachside studio in Newcastle, check out these seven units listed for $600,000 and under.
Do you have an interesting property story? Let us know at jade.lazarevic@austcommunitymedia.com.au
- Jade Lazarevic, Newcastle Herald property reporter
