newcastleherald.com.au
High interest rates have cut development approvals in Lake Macquarie to their lowest level in five years, but mayor Kay Fraser predicts investment will rebound in line with the NSW government’s housing supply push. Developments worth $1.2 billion were approved in Lake Macquarie in the 2023-2024 financial year, bringing the five-year approvals total to more than $7 billion. Winten Property’s massive Minmi and Cameron Park housing estate, a project shared with Newcastle, was the year’s most expens…
6 months ago