Newcastle Quay: Decades-long Honeysuckle vision complete by 2041

Why Honeysuckle's last step is more than just nice views

In 1992, Australia was in deep recession.. The national unemployment rate was 11 per cent.. The borrowing rate for home mortgages hovered around 10 per cent..

Opening the Australian economy to international competition was causing widespread industrial cutbacks and closures.. Old industrial areas like those lining the Port of Newcastle, and adjoining suburbs like Carrington and Mayfield, were suffering.. Phrases like industrial blight and rust belt were becoming commonplace..

A Labor government had led the national economy down this pathway, it was time to show the path was leading somewhere..