Published on Jan 31, 2017

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Prices in many Sydney suburbs have skyrocketed. Getting into the housing market has become increasingly difficult in the last few years. Yet the Cessnock region remains attractive and affordable.

 

Changes to housing development types in metropolitan areas means higher density developments. Houses are ripped down for unit blocks and the traditional 3 bedroom with suburban backyard is out of favour.

However according to realestate.com.au, with median prices for 3 bedroom houses of $290,000, Cessnock remains an affordable housing option for locals and investors alike.

This price is particularly encouraging when backed by the high quality of life able to be experienced when you call the Hunter Valley home.

Wineries, beaches and National Parks are all within short driving distance when you call Cessnock City home. Sporting, shopping and tertiary education facilities are all within fair distances.

Entertainment in the Hunter Valley is simply exceptional, the people are known for being friendly, and café culture ensures a great coffee is close by.

Large employment and service centres such as Cessnock, Maitland and Newcastle also add to the attraction of the region. Well connected, the Hunter Expressway opened up freight and transport linkages, whilst significantly cutting travel time in and out of the region.

While Cessnock City’s housing is still affordable, properties are holding their prices well, according to Your Investment Property Magazine.

The property value increase of 5.13% over the last year has seen a steady rise for investors.

According to Planning NSW’s Hunter Regional Plan, the Hunter looks set to continue growth in jobs and housing, with the State Government committing to further infrastructure improvements.

 

Cessnock LGA Businesses Investment Attraction Program

Cessnock City Council’s Economic Development Unit have also commenced the Business Attraction Investment Program which will deliver a range of information available to investors and new residents. The program aims to target and attract key industries and companies that are compatible with Cessnock City’s upward trajectory, population growth and jobs needs.

For more information on the Cessnock City Business Investment Attraction program please contact Economic Development Manager, Jane Holdsworth on 4993 4257.