Sovereign Hills Display Village underpins Hastings’ $1.5B housing industry

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Friday, 15 May 2020

New Display Village to build job security

The Hastings Region’s $1.5 billion construction industry has been bolstered with work commencing on Port Macquarie’s new $20 million display village.

The Sovereign Hills Display Village, developed by Lewis Land Group, is ready for its next chapter with 11 builders committing to the construction of 17 innovative and energy-efficient designs in the Sovereign Hills master planned community.

The display village generates an estimated $132 million in local new home construction activity annually, or 58% of the region’s residential development which was valued at $227.5 million during the last financial year.

The new village will be home to Pycon Homes and Constructions,  Perry Homes, Coral Homes, Adenbrook Homes, Hotondo Homes, McDonald Jones Homes, Vaughan Homes, Stroud Homes, Better Homes and Developments, Sorensen and Caldon Builders and Rob Tate Homes.

The biggest between Newcastle and the Gold Coast, the village will attract visitors from New South Wales and beyond.

“The fundamentals of Port Macquarie are solid,” explained Coral Homes’ Michael Wilson. “Employment is strong, it’s a lifestyle destination with people from the north and south moving to the area, and we see this display village as a standout among its competitors for the value for money and the location.”

Lewis Land Group’s Land Sales Manager Luke Moreta said the village will also be the greenest yet with builders encouraged to adopt sustainable building practices.

“This includes solar electricity, passive solar design principles and an increase in the use of sustainable building materials to boost the home’s energy efficiency,” Mr Moreta shared.

“The building industry is an essential part of and the largest contributor to the local economy,” added Mr Suitor from Pycon Homes. “We use all local trades and suppliers, and for each home that is constructed approximately 70 local businesses are involved at some level.”

The construction industry makes the greatest contribution to the Port Macquarie-Hastings region’s economic output. At $1.5 billion per annum it accounts for 16.62% of total output and around 3,000 local jobs.

These figures are expected to remain strong post-COVID-19, according to Jeffery Sharp, Port Macquarie-Hastings Council’s Director of Strategy and Growth.

“We’re proud to call ourselves one of Australia’s strongest regional economies and areonfident we’ll continue to grow and prosper in spite of the recent challenges of COVID-19.  New residents and businesses tell us they love that we are big enough to offer a wealth of opportunity, but small enough that you can still enjoy our beautiful nature without any crowds,” said Mr Sharp.

“Recent times have demonstrated that we don’t have to be in a ‘workplace’ to work effectively and Port Macquarie is the perfect place to live, work and enjoy a slower pace of life by our pristine beaches or in our rural hinterland.”

The builders will start to transition to their new homes before Christmas with a grand opening anticipated during the first quarter of 2021.

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