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Eight home building hotspots in the Hunter

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Eight locales in the Hunter have been identified as home building and population “hotspots” following the release of recent data.

Branxton-Greta-Pokolbin, Thornton-Millers Forest, Morisset-Cooranbong, Warnervale-Wadalba, Williamtown-Medowie-Karuah, Kurri Kurri-Abermain, Edgeworth-Cameron Park and Rutherford (north)-Aberglasslyn were all recognised in the HIA’s latest review.

It revealed Australia’s strongest markets for home building in the 2024 edition of the HIA Population and Residential Building Hotspots Report, based on population growth.

High levels of activity – and, therefore, employment for the building industry – was taken into account, too.

“The report identifies Australia’s fastest-growing suburbs and regional ‘hotspots’,” HIA executive director – Hunter Craig Jennion said.

“It’s 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%.

“The Hunter Region Hotspots list uses the same minimum population growth rate of 2.4% and a threshold in approvals of $50 million.

“Branxton-Greta-Pokolbin makes it into the NSW’s Top 10.

“That area recorded $216.3 million in residential building approvals in 2022/23 and a population growth rate of 6.2%.

“The region also saw an approvals dollar value increase of 48.43%.

“While the other areas that made it to the Hunter list did not meet the national threshold of $200 million, they’re still witnessing a population and home building boom.

“Second 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%.

“Third place went to Morisset-Cooranbong, with a population growth rate of 3.8% 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.” 

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