As the old saying goes, a change is as good as a holiday, and this couldn’t ring more true than in recent times. With an increase in the cost of living in major cities, people are actively searching to move to locations that they feel will improve their lifestyle and overall happiness.
Over the past 15 years there has been an internal migration in Australia to regional areas, and nearly 80% of them are under 50^. Many of these moves are still within close proximity to major cities so there is access to extended family and specialist services.
Families and couples make the move for different reasons but central to their reasoning is the yearning for a slower pace and better quality of life.
With property prices in Sydney and Melbourne growing at double digit rates and the rest of Australia experiencing strong growth year on year, a global pandemic failed to put on the brakes.
Research points to a number of reasons why property prices keep on going up but low interest rates, population increases, and international investors have all contributed to capital city house price growth in the last decade.
The move to a regional area or outer suburb has become a lot more attractive during the pandemic due to the ability to work remotely both form a technical and company policy perspective, helped by the increase in infrastructure in outer areas which is making it easier to live there.
Our local builders in almost all areas have experienced an increase in demand, with a lot of enquiries coming from people wanting to escape the inner-city suburbs and move into a new home in a local community, giving themselves a better lifestyle.
In Victoria, the south-eastern region of Casey is one of the fastest growing in Victoria due to its great accessibility, affordability and open spaces.
In Sydney a move to outer areas is in demand because you get more for your money, there are new shopping centres, schools and transport infrastructure is getting better with each new region that opens up.
The sea and tree change areas extending from the NSW central coast right up the Sunshine Coast, north of Brisbane continues to be very attractive to southern state residents. Areas around Newcastle, Port Macquarie, Coffs Harbour, Ballina, the Gold Coast and the Sunshine Coast have all proven very popular.
^https://www.corelogic.com.au/resources/tree-change-sea-change-what-you-need-know-generate-leads
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