It has been suggested that a lot of city dwellers will leave the big smoke behind for fresh regional air amid the COVID-19 global pandemic.
We have seen an increase in enquiries from potential buyers looking to make the tree change with many house hunters seeing the benefits of country living.
With working from home options now a realisation for many major businesses, a lot of households are seeing this as an opportunity to escape the hectic city lifestyle and get back to basics.
One of the more positive stories to come out of COVID-19 was that people were able to adapt to change and try alternatives such as working from home and home schooling.
With access to fast NBN and close proximity to Melbourne CBD, Kyneton and other regional centres in the Goldfields are excellent lifestyle options for people wanting to make a tree change.
This is reflected in the recent Domain House Price Report (March 2020) with the average house price sitting at $710,000 – an increase of 45% from five years ago.
While house prices are starting to plateau in the city, regional towns and house prices are starting to increase as the health crisis shifts household focus into the home.
COVID-19 has embedded a love of home-life into many households with desires to plant veggie patches, raise chickens and a simpler life high on the agenda. With this new found home life on the increase, a post-pandemic migration to the country could be on the cards for many.
We are expecting to see a rise in demand for properties in regional Victoria with many potential buyers realising they don’t need to live in metropolitan areas any more. Now that we can welcome people to private inspections and open houses, we have started to see an excited market of positive minded buyers looking for a simpler lifestyle and nurturing community.
Here at Raine & Horne we are happy to discuss buying and selling in this current market. It’s a new territory for everyone, but feel secure in knowing that we know Kyneton and the great potential it holds.