Hunter Valley, NSW
The Hunter Valley’s economy remains robust as the region transitions away from traditional coal-fired energy to large-scale renewable energy projects.
These and other infrastructure projects, housing affordability and lifestyle factors are the key drivers behind the solid performance in the Hunter property market.
While many sectors of the Sydney market are in decline, towns in the Hunter Region are at the forefront of the state’s regional growth markets.
Boosting the Hunter’s popularity is improved business confidence, a promising future in the mining sector and falling unemployment.
In a sign that the local economy is diversifying, creative industries are becoming prominent, contributing almost $1 billion to the Hunter’s gross domestic product. The University of Newcastle is about to gain further leverage from this, lodging a development application for a $95 million creative industries and innovation hub.
People from Sydney are being lured to the Hunter Valley not only because of relative housing affordability, but also because of lifestyle, access to transport and employment opportunities which thanks to technology, means they can work from home and only travel into the city for 1–2 days a week.
This report covers the Hunter Valley region including the towns and suburbs of Branxton, Cessnock, Greta, Kurri Kurri, Muswellbrook, Singleton, Singleton Heights, East Maitland and Rutherford.