Maitland’s fast-growing infrastructure is fueling interest from property investors.
Affordable housing, lifestyle benefits, employment opportunities and rapid enhancements to infrastructure contribute to DPN recognising Maitland as a hotspot for investors. The Hunter Valley is already the largest regional economy in Australia, propelling about 28 per cent of regional NSW’s total economic output.
Rising industries create employment opportunities
Maitland currently employs approximately 322,000 people. By 2036, this is projected to increase to 384,000. The $470 million Maitland hospital construction is at the forefront of the region’s growth, commencing in 2019 and projected to offer 1,250 new jobs across four years. A $6.4 million GP and special medical precinct is also planned for the suburb of Thornton.
The $414 million redevelopment of Stockland Green Hills Shopping Centre was the largest retail redevelopment in Australia in 2018. A hub for fashion, entertainment, dining and services, the centre has already generated more than 2,500 new jobs.
Long-term development in road and rail networks supports growth
Designed specifically to accommodate long-term growth in the region, the Hunter Expressway connects Newcastle and the Lower Hunter. It joins government-funded upgrades on the New England Highway to Maitland and nine operational railway stations in paving the way for ease of transport throughout the region.
Development opportunities boost future growth
Available vacant land in Maitland offers further opportunity for development both in residential and commercial sectors. Land options and affordable housing continues to offer potential returns for savvy investors.
For more comprehensive information, see DPN’s article: Why invest in Maitland: A regional city on the move
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