Hunter Valley, NSW
Propelled by rising sales numbers, the Newcastle/Hunter Region has taken centre stage as one of the National Growth Stars identified in the The Price Predictor Index published by Hotspotting.
Relative housing affordability - combined with lifestyle, access to transport and employment opportunities - is luring people out of Sydney to areas like Newcastle and Maitland.
People who have a job in Sydney but 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.
The story in the Hunter region is one of strong revival. After some difficult years caused by oversupply at a time of reduced demand, many of the region’s towns have moved into a strong recovery phase.
This region’s status as the largest economy in regional Australia is re-asserting itself as coal prices increase - and this is flowing through to the various property markets. Many Newcastle locations have recorded double-digit growth in their median prices in the past 12 months (some of them above 20%) and the growth is now rippling out to the towns of the Hunter Region.
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.
The Hunter Valley & Newcastle were Hotspots of the Week on 10 July 2018.