Despite record low interest rates, rapid growth in house prices is pushing home ownership further out of reach of the Hunter’s first-home buyers, according to the Hunter Research Foundation.
The average house price in the Hunter is now more than $450,000.
Business optimism and consumer confidence is slowly improving but remains cautious against a backdrop of stagnant wage growth.
Growth in regional tourism was highlighted as a bright spot at the foundation’s economic indicators breakfast this morning.
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