Exploring Newcastle’s business future

Source: UDIA New South Wales - www.udiansw.com.au 

04 December 2013

More than 190 local business delegates will gather in Newcastle tomorrow to explore potential local impacts of the new planning system and how two major projects are set to open up housing and commercial project opportunities in the region.

Hosted by the Urban Development Institute of Australia (UDIA) NSW, the event will feature guest speakers Newcastle University Operations and Infrastructure Chief Executive Nat McGregor and UrbanGrowth NSW Development Director Julie Rich.

Mr McGregor and Ms Rich will detail how the University’s $95 million education precinct and Hunter Street Mall redevelopment, respectively, will make way for more urban renewal.

UDIA NSW Chief Executive Stephen Albin said industry confidence is increasing, particularly off the back of the pending Newcastle Port sale and a host of urban renewal projects in the CBD.

“This is a really exciting time for the Hunter region as after a lull that has lasted for more than a decade, we’re seeing investor confidence pick up off the back of projects such as the Newcastle CBD revitalisation,” he said.

“The future is definitely bright for Newcastle, and the Hunter region is set to reap the benefits through the creation of more jobs, housing, services, public transport options and business opportunities.”

Mr Albin said according to the State Government’s Lower Hunter Regional Strategy Discussion Paper, the Hunter Region’s population is tipped to grow to 670,000 people over the next 20 years.

“According to official figures we are going to need around 75,000 new dwellings over the next 20 years,” he said.

“For the first time in a decade we’re positioned to inch closer to that target.”

Mr Albin said however, while landmark projects are vital, investor confidence is also riding on the outcome of the NSW Planning Bill which was recently withdrawn from Parliament. He will detail possible outcomes and local impacts at the event.

The event will take place from 12.45pm – 3pm on Thursday, December 6 at Noah’s on the Beach, Newcastle.





Recent UDIA news


Search Related News