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Thornton-Millers Forest tops Hunter housing hotspot list

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Thornton-Millers Forest has again been named the Hunter region’s place to be, according to a report released by the Housing Industry Association.

The rural postcode topped the list of growth areas in the 2022 edition of the HIA Population & Residential Building Hotspots Report.

The annual report lists Australia’s strongest markets for home building, and is designed to target areas of employment growth for builders, tradies, business and home buyers alike.

An area qualifies as a Hotspot in the Hunter Valley and Central Coast region if at least $50 million worth of residential building work was approved during the 2020/21 financial year, and its rate of population growth is faster than the 0.2 per cent national average.

Among this year’s top dozen suburbs were Kurri Kurri – Abermain, Maitland – West, Newcastle – Cooks Hill, Edgeworth – Cameron Park, and Warners Bay – Boolaroo.

Millers Forest

Maryland – Fletcher – Minmi was also mentioned.

“No less than 11 areas of the Hunter region qualify as housing Hotspots based on their strong performance in terms of building approvals and population growth,” HIA executive director for Hunter Craig Jennion said.

“Thornton – Millers Forest, is again the HIA Hunter region’s number one building hotspot with a population growth rate of 9.3% and $129.2 million in building approvals”.

“Second on the list, Branxton – Greta – Pokolbin, had a population growth rate of 5.2% and $121.1 million in building approvals.”

Maitland – West recorded the highest dollar value with $144,764 of building approvals in the past 12 months.

 “The report found that whilst Australia’s population growth was constrained due to closed borders the value of building works approved and the growth rates of the local population has been very high locally,” Mr Jennion said.

“COVID-19 has also seen consumer preferences shift away from inner-city apartment style living to detached housing in regional areas. This shift saw more Hunter based areas in this edition of HIA’s Population and Building Hotspots Report.”

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