Singleton Property Recovery

Singleton Property Recovery

Early statistics provided by RP data indicate that Singleton may be starting to recover from the slump in property as a result of restructuring in the mining industry in the Hunter Valley.

The median price for house sales appears to be lifting, with properties once again starting to sell, although they are down from their highs in 2012. A successful application by Mt Thorley Warkworth mine, operated by Rio Tinto, will no doubt restore confidence to the Singleton housing market.

Meanwhile, local retailers are starting to look to benefit from the opening of the new Hunter expressway by emphasising that Singleton is now only 40 min drive from Newcastle. The reduced driving time to both Newcastle and Sydney will no doubt make Singleton a more attractive place to live compared to the congested suburbs and increasingly higher density housing taking place in the cities. An added bonus has to be a five-minute drive to work if you are lucky enough to live and work in Singleton.

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