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Beachfront house sets new record in Newcastle

A modern beachfront house has set a new record for residential property in Newcastle, selling for $7.25 million prior to going to auction.

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There was hot demand for this beachfront home in Newcastle. Photo: PRD Nationwide

A modern beachfront house has set a new record for residential property in Newcastle, selling for $7.25 million prior to going to auction.

The four-bedroom house, located at 38 John Parade in Merewether

, was highly sought-after during a public marketing campaign, with 17 inspections booked for the property as soon as it was advertised.

PRD Newcastle and Lake Macquarie’s Mark Kentwell, who led the sale in association with his colleagues Natalie …