Hunter Region a good investment
Property experts have flagged the Hunter Region of NSW as a prime investment area.
The region has become victim to the nation’s housing shortage as a lack of rental properties has put pressure on agents and created an ongoing rental war between tenants.
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The Hunter has seen a surge in population in recent years on the back of the resources boom and a $1.7 billion investment in infrastructure, creating hundreds of jobs for both local and new residents.
"Everything about this region seems to be moving forward. Its population has recorded the largest increases of any NSW region outside Sydney in recent years," Hotspotting.com.au founder Terry Ryder said.
"Towns such as Muswellbrook, Maitland and Singleton have strong property markets at a time when many city markets are flat, because of the strength of economic activity in the Hunter region," Mr Ryder said.
"Throughout this region, population growth, jobs creation, infrastructure development and business, generally are all powering,” he said.
BIS Shrapnel, expects median house prices to rise a further 18 per cent by 2014.
