Eastbrook Links Estate | Muswellbrook | Land For Sale | Homes For Sale | Hunter Region | Housing Market | Real Estate | Lower Hunter Housing Deficit
Now is the perfect time for home owners and investors to look at purchasing in Eastbrook Links Estate. According to newly released figures from the Property Council of Australia, the Lower Hunter needs to accelerate housing supply or risk a widening deficit of over 30,000 homes by 2024.
Eastbrook Links Estate, comprising of more than 1,000 lots, located in Muswellbrook provides the perfect opportunity for both investors and owner-occupiers to build new homes within the region.
Hunter Regional Director Andrew Fletcher says that “Home building is critical to the region’s economy – and supports tens of thousands of tradespeople and other workers. If we fail to meet demand, prices rise and housing becomes less affordable for the next generation of homebuyers”
• In the first decade since housing targets were set for the Lower Hunter, we have come up over 23,000 homes short (51%)
• Population projections show the lower Hunter will need to produce 2,944 homes each year – but based on the current rate of approvals, the annual shortfall is 673, or 6730 over the decade.
• The combination of under performance in the first decade and projected shortfall in the coming decade means that Lower Hunter will have 29,430 homes by 2024.
Since the Newcastle Urban Renewal Strategy (NURS) was release in December 2012, development projects worth $1.05 billion have commences or received approval and the Newcastle city centre is on-track to accommodate 6,000 new residents within 20 years.
The same model of strategy policy settings and fully funded infrastructure projects should now be applied to the wider region to get greenfield residential developments moving.
Eastbrook Links Estate, located in Muswellbrook is a masterplanned community, perfectly positioned for growing families, retirees and investors alike. For more information about the Estate please visit www.eastbrooklinks.com
Sources
www.eastbrooklinks.com.au
“Hunter’s housing deficit to rise by 30,000” HBR March 2015
