Maitland’s latest rural land offering has been released with 34 blocks on the market at Louth Park.
The release at Hillview, is part of a staged development with a total of 173 rural lifestyle blocks being released over several stages.
The blocks, 1500 square metres, have been released just one week after the new community Ravensfield at Farley, went on the market.
Fairfax Media reported how the development on Wollombi Road will be home to about 350 families on completion. It too will be released over a number of stages.
Peters Real Estate Maitland is marketing both estates.
Hillview is bounded by Louth Park Road and Dagworth Road, and is surrounded by agricultural land and rural views.
Subsequent stages will provide larger lots of up to 6750m2.
Tim Peters of Peters Real Estate, said after being in business for 33 years this is one of the best estates he has marketed.
Fairfax Media reported in July that Thornton and Louth Park were poised for more housing development with applications for 247 lots across the two suburbs approved.
The estates go a long way to supporting Maitland’s rapidly growing population.
The city's population is set to explode even further with 14,000 new home lots approved and a 20-year supply of land identified for future residential purposes. Maitland's population has almost doubled in the past 24 years, a trend set to continue with a population of more than 104,000 forecast by 2036.
Maitland City Council's Development and Environment Manager David Simm said there has been significant residential growth over the past 10 years with statistics indicating the city is continuing to grow above pace compared to other Hunter local government areas.
Mr Simm believes that under the State’s Hunter Regional Plan 2036 (the 20-year blueprint for the Hunter's future) Maitland's growth is above the housing delivery rate. According to the plan, finalised last year, Maitland will continue to grow over the next two decades.
The plan predicted Maitland’s population would rise from 78,000 in 2016 to 104,850 in 2036 (an increase of 26,650 residents). It also forecast the number of dwellings in the Maitland LGA would jump from 31,650 in 2016, to 44,200 by 2036 – a rise of 12,550 homes.