Unique Lifestyle for Future Residents
Award-winning Hunter-based developer, Mccloy Group has a versatile history in the building industry, but it is their focus on creating family-friendly, award-winning communities that is front of mind in today’s real estate market, with an ongoing reputation for attracting purchasers so eager to secure land across the Hunter, they’re willing to camp a week in advance!
Across Lake Macquarie, Maitland and Port Stephens McCloy Group have seven active communities with the likes of the UDIA awarded Heritage Parc Maitland, lakeside haven Billy’s Lookout in Teralba and impressively spacious The Bower at Medowie to their name.
The team are known to identify sites for their position and opportunity to create a unique and promising lifestyle for future residents. Their newest community, Hereford Hill in Lochinvar launched in October of 2020, with all 19 homesites under deposit by the close of the launch weekend. Not to mention over 30 display homes are also locked in for a brand-new display village on the site.
“We identified the site for its position on the New England Highway and its strategic location as the gateway to the Lochinvar Urban Release Area. It provided a promising opportunity for future residents and builders, and we look forward to partnering with them in the Display Village. We’re sure those in the new build market will be impressed with the community playground facilities and displays to come” noted Sam Rowe, Project Director.
Similarly, both of the McCloy Communities in Medowie, The Gardens and The Bower experienced demand so high they had prospective purchasers camping to ensure their spot in the line. The McCloy team attribute some of the spikes in demand to the changing lifestyle of Australians after the effects of COVID. They see more often families looking for space and opportunity away from typical city locations.
McCloy Sales teams have experienced young families flocking to the area for land affordability and a clear rise in Sydney based enquiry. Port Stephen’s scenic towns have seen the demand for residential land grow year on year, in many parts it's affordability and proximity to Newcastle CBD whilst still maintaining that country feel are to be well credited.
A large portion of the current buyer’s market are millennials, a demographic, who’re of the age where they’re seeking to enter the property market and the years of starting families, many of which are creating a clear trend in making a move away from the bright city lights towards more affordable housing options in regional Australia. With demographers predicting the upward trend in relocating to regional Australia to flourish over the coming years.
The Hunter offers an attractive mix for Australian’s not just millennials, offering a sought-after combination of housing affordability and proximity to work opportunities both in the Hunter and by connection down the M1 to Sydney. Not to mention the enviable lifestyle with the beaches of Newcastle to the east, vineyards to the west and the Barrington’s to the north-west, those in the Hunter really are spoilt for choice!
Team this with the Government’s HomeBuilder grant, a grant of $25,000 for eligible Australians build a new home, and now more than ever property seekers are turning to new residential communities to seize the opportunity!
According to the Regional Australia Institute, regional
towns and new builds in the Hunter are in the eye of many Australians, in terms of household income, proximity to schools and average house price. Many buyers are discovering that building new is often more affordable than renovating an existing property, with a brand new four-bedroom, two-bathroom, double garage house at Potter’s Lane, Raymond Terrace starting at just $525,356 for house and land.
For those seeking the lifestyle but still a close connection to Sydney, new communities in Lake Macquarie are a major drawcard.
Its location near the M1 and nearby train stations allow an easy connection to Sydney when required, but foster an affordable ‘lakeside lifestyle’ with nearby work opportunities in Newcastle CBD only 30 minutes away by car.
The Regional Australia Institute’s figures for Lake Macquarie were also in support of the coastal town, with the median house price at $575,375 and average years for a mortgage at 33, by comparison to Parramatta in inner Sydney sitting at 65 years for the average mortgage repayment. It’s no surprise the move to regional towns is increasing year on year.
If you’re looking to make your move into the property market or lighten your burden from hefty mortgage repayments over the long term, exploring the new residential communities in the Hunter is highly encouraged. McCloy Group has been creating master-planned communities across the Hunter for several decades, so when looking for land a drive through their communities across Maitland, Lake Macquarie and Port Stephens is a must.
Visit www.mccloygroup.com.au for more information.