The John Hunter Health and Innovation Precinct will generate jobs in construction and health and ensures that the Greater Newcastle region has a world-class hospital.
Plans for the precinct, near Lake Macquarie, include 500 new homes and a $60 million new Costco. The projects would inject around $300 million into the local economy.
The New South Wales Government aims to invest over $15 million in Hunter Water with the goal of carbon neutrality and to save on emissions and electricity costs.
The $3b project for the underground tolled motorway will significantly ease congestion. From Newcastle to Melbourne, motorists will be able to avoid all traffic lights.
While some cities are facing significant challenges with rental vacancies in the post-coronavirus property market, Newcastle is seeing strong demand for new home rentals.
Despite the uncertainly from the COVID-19 epidemic, the Newcastle and Hunter region is still receiving plenty of activity with people seeking affordable housing near capital cities.
Doma Group wants to develop the vacant site in Newcastle's booming Honeysuckle precinct into a hotel with 179 rooms and a rooftop bar and a 4,793sq m office building.
Cessnock and Maitland are forecasted to be among the fastest growing areas in NSW with the population in the Hunter region expected to increase by 14.5 per cent by 2041.
The First Home Loan Deposit Scheme will start in January 2020, and it could help the recovering property market gather pace. This is what it means for investors.
The REINSW Residential Vacancy Rate Report for September revealed that rental vacancy rates have dropped across the board. For instance, the Hunter's rate is down to 1%.
