HUNTER PROPERTY MARKET SET TO RECOVER FROM PRICE SLUMP

New figures show while Maitland’s property market dodged this year’s price slump, Newcastle was hit hard.

But according to the Urban Development Institute, there’s good news for Hunter property owners.

Sydney house prices are now growing again, and our region may follow suit.

“The prospects are for quite robust growth over the next 12 months…CUT…Actually, the Newcastle Hunter region economy is performing better than the Sydney economy at the moment.” –  Dr Andrew Wilson, My Housing Market Chief Economist.

First home buyers will have a leg-up from January 1, with a new government deposit scheme.

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