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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.
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.