The west end of Newcastle is driving a huge boom of construction, with $700 million going towards the new high-rise housing hub.
This project is part of $2 billion going towards construction in the Newcastle area.
These new projects in Newcastle are set to have a combined value of $1.6 billion, and comprise of more than 3,000 apartments including 1,200 in the west end.
Hunter Director of the Property Council of Australia Andrew Fletcher says the construction projects will drive Newcastle's future economic growth.
"The construction projects will mean new jobs for Newcastle, it is extremely positive for the city " says Fletcher.
"We know that we have to cater for something like 10,000 new jobs and 6,000 new residents over the next 15 to 20 years."
Mr Fletcher believes that the state government's willingness to press forward with the light rail proposal in Newcastle has been a strong driving force for the construction projects.
"The government's commitment to the light rail for Newcastle has been the thing that sparked the private sectors interest in the city."
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| Andrew Fletcher Source: The Newcastle Herald |
