From $9.95tn to $9.8tn: CoreLogic shows market is cooling
Half of Australia’s capital cities saw values decline in the months leading up to July, according to CoreLogic’s Mon...
Sydney buyers opt for a Southern Highlands tree change as they grow eager to snap up their own slice of idyllic country living.
Despite the uncertainties brought about by the COVID-19 pandemic, the area remains firmly on many Sydney buyer’s “hit lists” when it comes to tree-change locations.
“The market has gone nuts post-lockdown. We’ve had a rush of people wanting to get out of Sydney,” Mr Fairbanks said.
“For two reasons, one is that off the back of COVID, people don’t want condensed living and are seeking out tree-change opportunities closer to nature. Getting back to their roots is really resonating with those living in the city.
“The second driver is that people have proven that they can be productive at home, and bosses realised that not only can they work from home well, but that it also works out cheaper.”
Added to this is the value for money regional properties represent, particularly for Sydneysiders.
“Your money goes further here and you get more bang for your buck in terms of space – it’s a city dweller’s dream,” Mr Fairbanks added.
According to him, 2ha to 4ha properties are “the magic number” that everyone wants, including buyers from Canberra, Queensland and Western Australia.
“COVID has been that element that has forced them to make the decision that this is where they want to be, and right now it’s serious buyers looking to get into the southern highlands market.”
While previously, Mr Fairbanks saw a large proportion of older buyers moving into the area, the age demographics over the past year have been decreasing, with young families particularly loving the idea of acreage living.
Buyers were also attracted to beautifully done renovations, greenery and comfortable living, as well as multiple living spaces that make a perfect home for both children and adults.