The ballooning Maitland suburb of Chisholm is set to continue its super-charged rate of growth in 2018, with the development of residential community Harvest due for completion this year.
AVID Property Group is the developer of Harvest, a master-planned community which launched in July 2015 and is now 90 per cent complete, being home to about 1000 residents.
On September 12, AVID furthered their investment in Chisholm, snapping up the remaining 750 lots in the neighboring community of Waterford County, which is currently home to more than 1500 residents.
AVID’s NSW project director Nathan Huon said when developable land in Waterford County was offered for sale in 2017 by Challenger Limited, it sparked AVID’s attention.
“With Harvest anticipated for completion in early 2018, and being so proud of the community being created there, the timing was right for us to further invest in Chisholm,” he said.
Home to a total of 2500 residents across the two developments, Harvest and Waterford County are now home to the majority of Chisholm’s residents.
In the five years from 2011 to 2016, Australian Bureau of Statistics Census data shows Chisholm’s population alone had jumped a massive 694 per cent from 184 residents to 1461.
Families also formed the majority of Chisholm’s population, accounting for 427 or 92 per cent of local dwellings.
The figures are just part of Maitland’s soaring population growth. Stats from the Australian Bureau of Statistics show Maitland was the fastest growing region outside of the Greater Sydney region, recording 15.5 per cent population growth.
The Census 2016 statistics also showed Sydney was losing numbers to regional NSW – with more than 105,000 leaving Sydney, surpassing the flow of almost 62,500 moving to the city.
The Hunter Regional Plan 2036 shows Maitland’s population has almost doubled in the past 24 year. It’s a trend set to continue with a population of more than 104,000 forecast by 2036.