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Sale of Cameron Park home pushes suburb higher

SOUGHT AFTER: Five-bedroom homes like this in Cameron Park’s Caribou Road, which set a new suburb sale record this month, are in demand, according to selling agent Sam Taylor.Earlier this year, a report rated Cameron Park the No.2 place for families to live in Newcastle and Lake Macquarie.
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A report released by Aussie Home Loans titledMost Popular Suburbs for Familiesidentified the Top 20 suburbs in Newcastle and Lake Macquarie.

Cameron Park came out second behind Fletcher.

Sam Taylor, of McGrath Estate Agents Charlestown, reported seeing an increase in demand for the suburb on the outer skirts of Newcastle and was not surprised by a sale of $890,000 this month which set a new ceiling for Cameron Park.

The sale of a five-bedroom, four-bathroomresidence at 8Caribou Road surpassed the previous highest sale, set last year, of $875,000.

Read more: Home on The Hill listed with $4 million guide

“It’s size was pretty impressive,” Mr Taylor said.“It was built in 2003 but had been meticulously maintained and was in pretty perfect condition.

“I am finding more people are looking at Cameron Park as an option over some suburbs closer to the city, and there is demand for larger homes like this one.”

He said “bang for your buck” in the suburb was a key contributing factor to the increased interest.

“It won’t be long before we see the million-dollar mark broken,” Mr Taylor said.

The median house price in Cameron Park in 2017, according to Australian Property Monitors data, was $580,000 for 153 sales.

BIG RESULT: Dudley’s Thomas Street has its first million-dollar home after No.15 was secured by a Sydney couple for $1.125 million.

Dudley’s Thomas Street has its first million-dollar sale after No.15 was bought by a Sydney couple for $1.125 million.

The three-bedroom home on a large corner block with a separate garage and loft was marketed by McKiernan Real Estate.

Read more: First time on the market for historic Valentine home

Anoriginal beach housein Merewether’s Rowan Crescent being offered to market for the first time since 1962 sold for $1.325 million. It was being marketed by Robinson Property’s Mike Flook and was set for auction today.

SECURED: This home in Merewether’s Rowan Crescent was on the market for the first time since 1962 and sold before auction for $1.325 million.

Read more: ‘Lifestyle’ homes with lake views hit the market

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