Newcastle is Changing
Newcastle has seen booming lately and this is due to significant investments in infrastructure and the city. This has includes a rejuvenation of the city foreshore with the removal of the heavy rail. Newcastle University has moved in to the city with a new building and they NSW Government has invested $6.5bn in the boom town.
Construction is also booming in Newcastle with the value of approved developments increased 70% last year. This took the total green-lighted projects to more than $3 billion.
The projected population growth is 33 per cent by 2036. While property prices are on the rise, they’re a viable option for cashed up Sydney buyers. The median house price for Newcastle as of March 2017 is $530k so there is significant interest from investors.
By the end of 2018 there will also be a $13 million cruise ship terminal completed at Carrington. As Sydney reaches it capacity for cruise ships, this should significantly increase the existing $11 million that Newcastle gathers annually from cruise tourism.
Wickham, an inner city suburb, is also seeing strong apartment growth. Coming from an industrial past it is close to the city and the new terminus for the heavy rail. With light rail soon to be added the area is benefiting from the infrastructure investment.
Another recent submission for the development of the inner city precinct has just been submitted which includes the old David Jones building. This and the positive investment and sentiment toward the region will see strong property growth for some time to come.
Townhouse Builders Newcastle
The development is not only designated to large inner city developments and apartments. Townhouses in the greater Newcastle region are very popular and can be built for a reasonable cost providing a good return for the developer. The outer suburbs of Wallsend, Lambton and near the University offer land prices that are enticing for the right townhouse project. These areas are still close to town and the Hunter Valley where the wine region offers great entertainment.
Builder solutions has some excellent townhouse builders who can offer very good construction costs. This as well as reliable practices and companies with long track records in the region will help your townhouse project in Newcastle succeed.
The builders Newcastle offers is varied. There have been some failures which have caught out even some experienced developers. So it is vital to have some local knowledge. We can offer this with our NSW office being based in Newcastle we see and hear what is going on every day. We will help you avoid the companies who may not have the attention to detail or your best interests in mind.
Our builders Newcastle have some very competitive build costs and the ability to provide design and construct solution to get your construction cost to where it needs to be. We know most of the builders in this area and can recommend the right guys to use.
From houses to townhouses to apartments we our builders will improve your network and project outcome.
We also have builders who have worked in the surrounding areas like Maitland the Hunter Valley and Nelson Bay
Our process is simple. Just give us a call and we will recommend builders who are the best local builders for your project.