Category: News (8)

Virgin Australia will start flying directly between Newcastle and Auckland from November, the first international route out of Williamtown airport in 16 years.

The three-hour flights will operate on Tuesdays, Thursdays and Sundays at a cost of $350 one way. Tickets are on sale at $199 one way until midnight Thursday for travel excluding December 12 to January 28.

The plane, a 176-seat Boeing 737-800, will leave Auckland at 5.10pm (NZDT) and arrive in Newcastle at 6.45pm. The return flight will leave Newcastle at 7.30pm and arrive in Auckland at 12.25am (NZDT).



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Article Author: Michael Parris
Newspaper: Newcastle Herald
Date: JULY 18 2018

The Hunter has recorded some of the largest house price increases in Australia over the past year as more people seek to move to the region in search of lifestyle options they could only dream of in capital cities.

Fairfax Domain Group data released on Thursday shows Port Stephens is leading the Hunter price boom with a year on year increase of 16 per cent followed by the Upper Hunter with an increase of 15.9 per cent.

Newcastle recorded year on year increases of 7.9 per cent, Lake Macquarie 6 per cent and Maitland 5.9 per cent.

By comparison, Sydney house prices have experienced a 4.5 per cent fall over the past year.

The median house price in Sydney now sits at $1.14 million compared to $650,000 in the Lower Hunter.

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Article Author: Matthew Kelly
Newspaper: Newcastle Herald
Date: JULY 26 2018

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