Home News Check out these housing hotspots in NSW's Hunter Valley

Check out these housing hotspots in NSW's Hunter Valley

Font size :

These are Hunter Region's property hotspots.

The Hunter Region of New South Wales is becoming a hotspot for those looking for properties outside the capital city of Sydney.

According to the Housing Industry Association (HIA), the region, also known as the Hunter Valley, reported strong building activity and population growth.

HIA executive director for Hunter Craig Jennon defined hotspots as local areas where population growth exceeds the national rate and the value of residential building work approved is over $50m.

“This report again demonstrates the residential construction sector is underpinned by robust levels of new home building and increases in population," he said.

In a report, HIA indicated six housing hotspots in the Hunter region that exceeded market expectations when it came to growth. On top of the list is Thornton-Millers Forest, which has $82.8m worth of building approvals and a population growth of 5.3%.

Warnervale-Wadalba and Maryland-Fletcher-Minmi are also bright spots, recording $57.7m and $53.9m in building approvals, respectively. They also saw their respective populations inflate by 5.1% and 3.6%.

The locality of Newcastle-Cooks Hill is also on the list, with $58.5m worth of building approvals and 2.9% population growth. According to HIA, Newcastle-Cooks Hill had the second largest volume of renovations approvals of any area across the state.

Morisset-Cooranbong and Branxton-Grea-Pokolbin completed the list, with respective building approvals worth $66.8m and $62.7m and population growth of 2% and 1.9%.

Related Stories:
Where can $500000 bring you?
Which Australian capital has the most desirable suburbs?

Image Used: Mike Weber from San Diego, United States, Cows and Hunter Valley Vineyard (9679974515), CC BY 2.0

 

 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

5 tips to help you buy in a slow housing market 5 tips to help you buy in a slow housing market

A buyer's market is not as easy to navigate to as it seems Read more

Australia to remain world's worst-performing housing market this year – report Australia to remain world's worst-performing housing market this year – report Don't expect a rebound in prices anytime soon ... Read more

This historic Italian town sells homes for a little over $1 This historic Italian town sells homes for a little over $1 The catch? You have to promise to renovate the home within the next three years ... Read more

How bad will the housing downturn turn out this year? How bad will the housing downturn turn out this year? While the worst is yet to come, a crash is still unlikely ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Jan 19, 2019
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords