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{{propApi.successMessage}} {{region}} Change locationHome building hotspots in the Hunter revealed
Home building hotspots in the Hunter revealed
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HIA today revealed Australia’s strongest markets for home building in the 2024 edition of the HIA Population and Residential Building Hotspots Report. The Report identifies Australia’s fastest-growing suburbs and regional ‘hotspots’ based on population growth and also indicates areas with high levels of building activity and, therefore, employment for the building industry.
The National Hotspots list is determined if an area (Statistical Area Level 2) recorded at least $200 million in new residential building approvals in 2022/23, and its population grew faster than the national growth rate of 2.4 per cent.
The Hunter Region Hotspots list uses the same minimum population growth rate of 2.4 per cent and a threshold in approvals of $50 million.
“Branxton - Greta - Pokolbin makes it to the NSW Top 10 List, after recording $216.3 million in residential building approvals in 2022/23 and a population growth rate of 6.2 per cent. This area saw an approvals dollar value increase of 48.43 per cent.
“While the other areas that made it to the Hunter List did not meet the national threshold of $200 million, they represent areas in the Hunter Region that are seeing a population and home building boom.
“Second on the Hunter List was Thornton - Millers Forest, with $112.6 million in residential building approvals in 2022/23, as well as a population growth rate of 5.8 per cent.
“Third place went to Morisset - Corranbong, with a population growth rate of 3.8 per cent in 2022/23 and residential building approvals totalling $139.4 million.
“The report found that the prohibitively high cost of housing in some of Australia’s capital cities is forcing residents out to areas with better economic and home ownership opportunities such as the Hunter and Central Coast,” concluded Mr Jennion.
Below are a table and map detailing the 8 HIA Hunter Region Building and Population Areas.
For more information please contact:
More than one in three loans issued to first home buyers
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Planning systems not delivering for regional Australia
“House approvals are taking longer than ever to get through local councils and exacerbating Australia’s worsening housing and rental shortages, and this is even more pronounced in regional Australia,” said Mike Hermon, HIA Executive Director, Planning & Environment.
Women recognised for leadership in QLD home building
The 10th annual Queensland HIA Building Women Awards recognised stellar talent, and shone a spotlight on the huge contribution women are making to building more homes.
HIA releases inaugural Planning Scorecard
HIA has today released a comprehensive Planning ‘Scorecard’ that assesses each state and territory’s current planning system’s progress against the implementation of National Cabinet’s National Planning Reform Blueprint.