What’s the big attraction in Newcastle and the Hunter Region?
The Hunter region’s property market is predicted to be among the best performers in Australia over the next eight years, with values in some suburbs forecast by some to rise by more than 10 percent a year.
With infrastructure projects being completed all over the region including the $1.7 billion Hunter Expressway making the region more vibrant and accessible than ever before. Add to that the upgrades to the Newcastle International Airport, the Hunter Economic Zone and the Newcastle Port, the Hunter seems to have shaken off the gloom and become a hotspot once again.
Newcastle is Australia’s 7th largest city and is located just 2 hours north of Sydney with the Inner City built around Australia’s largest working Harbour.
Awarded 9th place in Lonely Planet’s ‘Top 10 Cities in the World’, Newcastle boasts world class beaches, Australia’s largest saltwater Lake (Lake Macquarie) and a relaxed lifestyle framed on the backdrop of the largest coal exporting harbour in the world.
The Hunter also has one of the strongest regional economies in Australia.
While the economy of Newcastle and the Hunter is underpinned by the coal industry, there is a broad range of industry including manufacture, power generation, agriculture, wineries, cattle and equine, tourism, health, medical research and education.
The University of Newcastle is one of the few Australian Universities experiencing growth in student population. Currently, student numbers total 32,000 with growth of a further 8,000 are expected by 2015.
The recently completed $1.7billion Hunter Expressway has cut travel time from Newcastle to the Hunter by 28 minutes, providing a more direct and efficient route for freight movements between the Upper Hunter and the Port of Newcastle and reducing between 15,000 and 30,000 vehicles per day on the New England Highway.
In our opinion, the Hunter Expressway is one of the best infrastructure developments to have happened in the region in a very long time and both residents and commuters alike are sure to reap the dramatic benefit derived from this arterial road.
The three top analysts agree that the long term outlook for the Hunter is that it will be one of Australia’s forerunners for capital growth: property forecaster and CEO of Residex, John Edwards has said, “all the statistics pointed to a significant spike in some Hunter suburb prices within the next five years” and the latest Residex report has listed 17 Hunter suburbs as among the best for capital growth in NSW.
Hudson Homes are proud to be a premier builder in the Lower Hunter region and we have committed to building 6 new display homes stretching between Chisolm and Gillieston Heights to Rutherford and Branxton.