HIA welcomes transformational Honeysuckle HQ development
The HIA has welcomed the NSW Government's selection of DOMA Group to lead the Honeysuckle HQ precinct development in Newcastle, described as the city's largest transformation project to date.
What's happening with Newcastle's Honeysuckle precinct development?
Large-scale NSW construction projects create significant subcontracting and labour opportunities for local trades businesses.
Key takeaways
- NSW Government has announced DOMA Group will lead Newcastle's largest precinct transformation at Honeysuckle.
- The Housing Industry Association has welcomed the development announcement.
- The project represents Newcastle's biggest precinct transformation to date.
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Why it matters: Builders and contractors in NSW may see more residential project opportunities, particularly in regional areas, as the expanded scheme unlocks previously stalled developments.
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Why it matters: Builders and subcontractors including plumbers, electricians, and carpenters may see new project opportunities as these sites move toward development.
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Why it matters: Builders and carpenters should expect slightly reduced work pipeline in coming months as fewer new projects get approved across both house and apartment sectors.