The picturesque Southern Highlands area in New South Wales is growing in popularity as families choose to escape from Sydney to the much sought-after townships.
Bridgette Barker, head of investment management at boutique Di Jones Real Estate, has high praise for the investment potential of the region.
She described the rental enquiry across the full Southern Highlands as “extraordinary”.
“There is real value for money. There are a wide array of properties available from rural retreats to cottages and townhouses,” Ms Barker said.
“There is a strong rent to buy market, where families are electing to review the area and the lifestyle before committing to a purchase.”
Ballogie Lodge, in the township of Bundanoon, is one such example of a stunning luxury home.
Located on the high side of the street and offering generous bespoke crafted living spaces, Ms Barker said it is a great way to experience what the region has to offer.
“With no expense spared, this immaculately presented home is light and bright throughout and offers a combination of clean modern lines paired with classic elegance,” Di Jones Real Estate Investment manager Brendan Peters said.
“At $695 per week, the property offers four bedrooms, three bathrooms and parking for six cars.”
It also has a chef’s kitchen, several outdoor living spaces including a covered entertaining deck and large front veranda.
This news comes in the wake of ABS data earlier flagging a likely resurgence in the popularity of lifestyle markets.
Smart Property Investment reported in the second quarter last year CoreLogic saying the data suggested a likely uptick in lifestyle living demand.
“Sea and tree change appear to be the long-forgotten buzzwords for the migration of people to lifestyle markets,” CoreLogic research analyst Cameron Kusher said at the time.
“This trend was particularly strong before the financial crisis hit in 2008; however, since the end of this occurrence, we saw interstate migration slow and many lifestyle markets underperform when compared to the capital city housing markets.
“In general, lifestyle markets have dramatically underperformed in terms of value growth relative to capital cities over recent years while recently we’ve started to see values rise in many of these regions.
“This supports the increased demand for housing with migration as a source, which often leads to increases in home values.”
Along with the Southern Highlands, he suggested migration levels would also be strong in areas like Wide Bay, Central Coast, Geelong and Peninsula.