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‘Out-of-towners’ flock to Newcastle property market

Newcastle property market

‘Out-of-towners’ flock to Newcastle property market

by Bianca Dabu | 26 October 2020
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1 minute read

‘Out-of-towners’ flock to Newcastle property market

October 26, 2020

Cveta Kolarovski has shared how the Newcastle and Port Stephens markets have seen unprecedented demand amid the COVID-19 outbreak.

In a recent episode of Real Estate Business’ Secrets of the Top 100 Agents podcast, Ms Kolarovski highlighted some of the changes she has seen in her local area in the last six months alone.

Since the pandemic shifted the way workforce operates across the country, major property markets, including Sydney and Melbourne, have witnessed a change in the type of demand, with more and more property owners seeking lifestyle changes and moving towards the beach or out into the countryside.

In fact, according to Ms Kolarovski, a lot of her most recent clients in Newcastle are from out of town, particularly those who are seeking lower house prices.

“I reckon almost every second person that we’ve sold a house to recently has been out of town. From everywhere. Not just Sydney. We still get phone calls from people from Melbourne. They’re coming this way,” she highlighted.

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“There’s always been a lot of out-of-towners coming through, but since COVID, I reckon it’s definitely erupted. In fact, with all this talk about doom and gloom, I really feel Newcastle is going to get even stronger.”

12-month outlook

With a new boutique business that’s continuously evolving, Ms Kolarovski aims to be a part of the unprecedented growth in the Newcastle and Port Stephens markets moving forward.

Following a $2.15 million property sale of a home, which was originally valued at $1.3 million to $1.4 million, the agent aims to continue breaking records in the region by focusing on providing exceptional client experience, alongside her eight-strong team.

“We just want to break more records. We love breaking records. Anytime someone comes to me and says, ‘I want this price,’ I love it. That’s what I thrive on. I love the challenge. Nothing is impossible for me. Nothing at all,” according to Ms Kolarovski.

“And the way Newcastle’s moving… it’s fantastic. I've even had people ask me, ‘Will you sell in Sydney? Will you go to the Blue Mountains? Will you go up north to Queensland?’ And I just turn to my team and say, ‘This is how you do it.’ It's just magic. You create it.

“That’s why, with our new rebranding, all we want to do is elevate your experience. It doesn’t matter who you are. It’s all we want to do, and that’s what we want to be known for.”

Despite the doom and gloom predicted by some experts as a result of the pandemic, she remains confident that the Newcastle market will continue to grow and ultimately emerge as one of the next property hotspots in Australia.

“It’s always about evolving, and we’re just not afraid. There’s a lot of electricity in the air and we pick up on it. So if anyone comes in here with any type of gloom or doom, we’re here to fix it,” she concluded. 

This article originally appeared on Smart Property Investment’s sister brand REB.

‘Out-of-towners’ flock to Newcastle property market
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Bianca Dabu

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