Buyer Demand in Regional Area Surges

The COVID-19 pandemic saw a significant shift unfold in the real estate landscape. Driven by a desire for a more serene lifestyle, the ability to work from home, and increased affordability – we experienced a discernible migration of buyers and the general population from bustling metro areas to the tranquillity of regional areas.

As remote work becomes the new norm, individuals are eager to exchange the necessity of enduring city traffic and high living costs – opening the door to a new era in regional development.

Though the shift is not merely a response to the pandemic but also a realisation that life outside our bustling cities can offer a more balanced, less hectic lifestyle. As buyers and families reassess their priorities, the appeal of regional living lies in its affordability and the promise of a slower, more enjoyable pace and many developers are grasping the opportunity to create communities in these areas, inclusive of new town centres, schools, parks and childcare to support this growth.

“The desire for a more balanced lifestyle undeniably motivated people to ‘sea-changes’ or ‘tree-changes’ during the Covid era. When combined with considerations of cost-of-living and housing affordability, a regional move becomes an even more compelling choice”, says Resi Ventures co-founder Khurram Saeed.

Over the past 12 months, while metropolitan real estate has faced challenges, regional hubs like Hervey Bay have experienced a sustained surge in interest, as evidenced by robust sales and leads. An ABC report highlighted the Wide Bay region as the leader in property price growth, further underscoring the attractiveness of regional areas.

For buyers, this shift represents a conscious choice to embrace change and prioritise a lifestyle that aligns with their values. The evolving real estate landscape offers them an opportunity to invest not just in property but in an entirely new way of life.

At Resi Ventures, we strategically situate our developments in thriving growth corridors, to ensure our communities stand as outstanding investments for you and your family.

Explore our latest projects here.

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08 / 03 / 2024

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