By Stockdale & Leggo Phillip Island
AFTER a challenging and exhausting 2020, 2021 finally arrived, allowing Aussies to look ahead again.
For the world of real estate this means looking at what the year ahead has in store for clients and the community at large, and one thing is certain, 2021 is the year of the regional migration.
With the upheaval caused by COVID-19, the one spark of positivity to appear was the ability for many workers to work remotely from home.
Once on track to become Australia’s largest populated city, Melbourne is now seeing a mass exodus, pushing up regional housing prices and bringing development with the population growth.
While it is too early for national population data confirming the exact number of urban dwellers migrating, the real estate industry is seeing the results.
It seems the tree change and sea change lifestyle is very much on the rise for the foreseeable future.
And with the median house price up over 7 per cent year on year across the Bass Coast and Cardinia area, residents are reaping the benefits. After all, the opportunity of being able to look out your own window at stunning water views or tranquil rural settings, is a step up from the stark contrast of office fluorescent lighting.
And Jacqui Robinson of Stockdale & Leggo Phillip Island agrees.
“With travel time to Melbourne under two hours, and such a welcoming and friendly community, it’s easy to see why 90 per cent of our sales in the last five months have been to buyers from the metro area,” she said.
This new way of doing business is also a game changer for first home buyers, who previously struggled to get into the property market in metro areas. Now having the option to widen their search, buyers do not have to choose between the lifestyle or the commute, they really can have the work/life balance living in areas previously reserved for holidaying, day trips and retirement.
If you’re curious to see how much your property is worth, call the team at Stockdale & Leggo Phillip Island today on 5922 9300 for a free property inspection and appraisal.