2019-2020 Property Market Outlook for Lake Macquarie, NSW

The City of Lake Macquarie is within the Greater Newcastle Area, being adjacent to the City of Newcastle local government area (LGA). At a distance of 150 km, Sydney is easy to reach from Lake Macquarie. However, the housing market of the LGA isn’t treated as part of Sydney’s commuter belt and is more influenced by economic developments in Newcastle. As the map below shows, Lake Macquarie property performance has not been dragged down by the downturn in the Sydney urban area, where a correction from previous overheating has seen negative growth.