The Hunter Region contributes over $34.7 billion to the NSW economy, making it the largest economy in regional NSW. Just a two-hour drive north of Sydney, the region’s lush vineyards, wildlife reserves and world-class restaurants help to attract more than two million visitors each year.
Exciting upcoming projects will add to diverse industries, including leading educational and medical facilities. Combined with housing affordability, the Hunter Region is alive with opportunities for investors.
The Hunter Region is surrounded by world-class beaches and waterways, including the Newcastle Baths.
Rapidly rising employment opportunities
The Hunter Region’s sustained economic growth is predicted to rise by nearly 75% by 2036.
The Hunter Region’s sustained economic growth is predicted to rise by nearly 75% by 2036. Currently, approximately 322,000 jobs stretch across industries such as advanced manufacturing, aerospace, defence, tourism, mining, agribusiness and a start-up sector supported by the NSW government. With new infrastructure in the works, jobs are predicted to increase to 384,000 by 2036.
Major infrastructure projects
The Hunter is an economic powerhouse with world-class infrastructure including the University of Newcastle, the Newcastle Port, the Hunter Valley Wine Country Region and Maitland’s power generation industry. Additional projects underway are:
- The new, four-lane Hunter Expressway, $1.6 billion is committed to improving traffic flow along the New England Highway.
- The mining industry is expanding with a $951 million extension project at Mount Pleasant and $509 million approved for a coal mine in Muswellbrook.
- Further enhancing premier education facilities, $135 million is committed to the University of Newcastle’s STEM building.
Leading educational and research facilities include the University of Newcastle.
Key areas for population growth
More than 740,000 people call the Hunter Region home and that’s set to increase significantly. The NSW government’s planning portal predicts growth in the key areas of Newcastle, Cessnock, Maitland and Lake Macquarie by 100,000 people, from 2016 to 2041.
To support the population growth, around 40,000 new dwellings need to be built. In key areas, the median house price is just $565,000. In comparison, the average median house price in the Sydney metro area is $1,154,000. The average rate of capital growth over the last ten years in the Hunter Region was 4.2% p.a. Last year, the median rental yield was 4.5% p.a. Featured growth suburbs include Aberglasslyn, Thornton, Gillieston Heights, Cameron Park and Hamlyn Terrace.
The Hunter Region’s renowned wineries attract millions of tourists each year.
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Exceptional lifestyle perks
The Hunter Region offers both sea and tree change lifestyle opportunities. The coastline includes the pristine bays of Port Stephens and Lake Macquarie is one of the largest saltwater lakes in the country. The Barrington Tops National Park and Myall Lakes National Park provide stunning scenery for bushwalking, boating, swimming and picnicking.
In terms of arts, culture, food and shopping, the region’s wineries count among a diverse range of recreational options. Historic Maitland is a hub of art galleries and Newcastle brims with boutique bars and performing arts venues. Large shopping centres include Westfield Kotara, Charlestown Square and Stockland Greenhills.
With natural beauty on the doorstep of innovative entertainment, booming infrastructure, stable population growth and affordable housing, the Hunter Region ticks all the boxes for successful property investment.