Category: News (5)

THE Hunter’s frenzied real estate market drove land values up almost 15 per cent, or more than $15 billion, last financial year to a new regional high-water mark.

Figures issued by the NSW Valuer General estimated the value of all residential land in the Hunter hit $119 billion last financial year, up from $104 billion the year before.

The Hunter’s residential property market experienced strong price hikes driven by the region’s construction boom, proximity to Sydney, lack of supply and low interest rates.

The state government’s infrastructure spending helped drive skyrocketing growth in Newcastle’s inner-city development hot spot.

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Article Author: Donna Page
Newspaper: Newcastle Herald
Date: APRIL 4, 2018

STRONGER coal prices have added more than 1000 mining jobs to the Hunter Valley, the Minerals Council of NSW says after the release of new employment statistics by industry body Coal Services.

Minerals council chief executive Stephen Galilee said the extra employment was generated by a strong turnaround in prices and steady demand for Hunter coal from key export markets.

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Article Author: Ian Kirkwood
Newspaper: Newcastle Herald
Date: MARCH 21, 2018

NEWCASTLE’s outer suburb and growing residential retreat of Fletcher has been christened the number one place to live for families, according to a recent publication.

A report released by Aussie Home Loans titled Most Popular Suburbs for Families identified the Top 20 suburbs in Newcastle and Lake Macquarie.

Commissioned by Aussie but compiled by CoreLogic, the report used data from the 2016 Census, as well as information about typical suburb house values.

Article Author: Max McKinney
Newspaper: Newcastle Herald
Date: February 6 2018

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The slow and inevitable fade of the Sydney market is happening in concert with a rise in New South Wales regional markets.

Hotspotting’s monitoring of sales activity shows there are growth markets across the state – indeed Regional NSW now has more upwardly-mobile markets than Sydney does.

The Newcastle region and the Central Coast stand out, as markets a little north of Sydney head a strong NSW Regional sector.

While the Sydney market is past its peak and has relatively few growth markets compared to 2015/2016, Regional New South Wales has risen.

Our Spring survey has identified almost 50 regional towns or suburbs with rising markets – a little down on the number revealed in the Winter report, but still very strong.

I’ve observed previously that Newcastle and the regions surrounding it have provided the stand-out precinct in Regional NSW.

This remains the case, but with a new market leader – the Lake Macquarie LGA on the fringe of Newcastle.

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Article Author: Terry Ryder
Newspaper: Property Observer
Date: 11 SEPTEMBER 2017