Newcastle’s fringes are for the savvy investor: HTW
Affordability is driving Newcastle property market. According to HTW it is at the top of the market now. Population growth is forecast to continue to be strong and demand for new housing.
“According to the New South Wales Department of Planning and Environment’s Demographics Unit, in 2011 there were 70,750 existing residential dwellings in the Newcastle LGA and 84,150 in the Lake Macquarie LGA. By 2031, this is projected to grow by 24.5% to 88,050 in the Newcastle LGA and 15.3% to 97,000 in the Lake Macquarie LGA. Many of these dwellings will be built in the fringe suburbs of Newcastle where land will continue to be made available for a growing population.”