Newcastle-Hunter and Ports Stephens region is a hot-spot for investors

Newcastle-Hunter and Ports Stephens region is a hot-spot for investors

With an influx of former Sydney residents making a tree change and the ability for many to work from home, preference has shifted toward regional areas. This shift has resulted in strong price growth in areas outside Sydney, including the Newcastle-Hunter & Port Stephens region.

Based on data from QBE Housing Market Outlook 2021-2024, the Newcastle-Hunter and Ports Stephens region is a hot-spot for investors, here are some stats to help you understand why:

  • During 2020/21 house prices rose by 22% to a medium price of $755,000
  • Forecasts in 2021/22 shows house prices are expected to rise by 6.9%
  • As interest rates will continue to rise in 2022/23, price growth may halt to around 0.3%, resulting in a median house price of $810,000 in June 2023/24, representing an overall increase of 7% from June 2021
  • Approximately $6.5 billion worth of infrastructure is planned or underway in the region and nearly $2 billion in private development projects are in the works.
  • Commitment from Labor Leader, Anthony Albanese, to fund a high-speed rail between Sydney and Newcastle will cut commute times from 2 hours to 45 minutes
  • A high-speed rail will help ease traffic congestion and steady housing affordability pressures in Sydney and improve property values along the rail corridor and in the Newcastle region.
  • $1 billion infrastructure injection for Williamtown RAAF Base plus runway upgrade to facilitate international flights from Newcastle Airport
  • State funded Astra Aerolab project directly adjoining Newcastle Airport and Williamtown RAAF Base, expected to deliver 5,500 jobs

With forecasts of a strong economic future, the Newcastle-Hunter and Port Stephens region will continue to attract investors looking to capitalise on the future of this region.

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