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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.
From 1 July 2026 changes to domestic building warranty insurance will take effect. These changes require HIA to revise its suite of Victorian domestic building contracts to meet the new requirements.
The Housing Industry Association (HIA) has called the passage of changes to negative gearing, capital gains tax (CGT) and self-managed super fund (SMSF) investment rules a major setback for housing supply, warning the measures should have been ‘red carded’ before being legislated.
The Courier Mail described the budget as being as bland as the chive and onion muffins served to those who ventured into the budget lock down but concluded while the budget was hard to love it was also hard to hate.
The new Buyer Protection laws will start on Wednesday, 1 July 2026 after an extraordinarily challenging process with numerous last-minute changes. HIA is providing this Member Alert to help members navigate the key ‘need to know’ on these new laws, with more detailed material to follow.