Spring has sprung! Are you ready to plan your future?
With the sunshine coming out and the daffodils making a full appearance, demand has started to increase for regional properties, with a focus on the Macedon Ranges.
With lockdown restrictions in our neighbouring metropolitan Melbourne set to ease later this month, regional Victoria seems to be the place to be with working from home now a reality for many.
Recent research with CoreLogic has shown that while house prices have plummeted in metropolitan Melbourne, regional house prices have remained stable during the global pandemic.
Many major metropolitan-based businesses have seen the positive results of remote working, with staff adjusting to this new lifestyle and working from home becoming the new normal. This change in working practice has brought with it a passion for home and space, highlighting what is really important and placing the dream of country living at the forefront for many.
Across the board, research data showed that regional markets saw unchanged prices over August and are down just -0.2 per cent over the past three months.
The Kyneton Raine & Horne office has been busy with enquiries with 70% of buyers coming from within the Macedon Ranges. Many Melbourne buyers are already here renting and waiting for the right property, essentially ‘trying before they buy’. Our rental properties have been tenanted very quickly as people flee the city for a country lifestyle.
If you are planning to buy in the area, please give us call and we can keep you informed of what we have and what’s coming up.
If you are planning to sell your property, Spring is and has always been a hot market for Kyneton. This is the time to prepare and plan your sale and inner improvements to your home can provide you with a positive and inspiring mental state. We are in a time where there are more buyers than properties, so please call us and we can do some match-making.