REVENUE NSW has revealed that from July 2023 to August 2025, Raymond Terrace was among the top 10 suburbs in the Hunter for first homebuyers.
Data shows that 220 homes were purchased through the Australian Government’s First Home Guarantee Scheme.
“This is the best first home buyer scheme in the country, and just one part of our plan to address the housing crisis and build a better NSW,” Premier Chris Minns said.
The NSW Government predicts that the Port Stephens population will increase by approximately 20,000 people over the next 20 years.
This prediction has led to a review of housing in the area.
Port Stephens Council is currently reaching out to landowners in Raymond Terrace with the aim to develop further residential areas.
“Many blocks of land in Raymond Terrace have the potential to provide for additional small-scale housing development,” a Council spokesperson said.
“Secondary dwellings (granny flats) are an example of small-scale housing development that can provide additional income for landowners and help to address housing supply and housing affordability issues.”
It is hoped that population growth in Raymond Terrace and surrounding suburbs will also support local businesses.
By Cosette DE LORENZO
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