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Just as the pandemic created one of the biggest social and lifestyle shifts, with a mass migration from the capital cities to regional communities, the current ‘cost-of-living crisis’ has heightened the appeal of regional Australia for many Australians. Kate Aubrey explores how the regional markets have been faring and what trends brokers need to know about
Sea change, tree change. That’s an epithet that has been buzzing around the property market for the past few years. The COVID-19 pandemic drove a mass migration of city dwellers out to regional communities as urbanites sought to escape the city grind and soak up the work from- home leisures in a backdrop of seascape or treescape surroundings. According to the Australian Bureau of Statistics, during the March 2021 quarter (the most recent data we have stats for), 16,400 more people moved interstate when compared with the March 2020 quarter, with the capital losing 11,800 people from internal migration.
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