Hunter Valley, NSW
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.
People who have a job in Sydney but (thanks to technology) need to work in the office only 1-2 days a week are finding the Hunter Valley gives them the ideal opportunity to spend more time with their families.
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.