As our country was presented with something all very new in 2020, little did we know it would cause something unprecedented in the real estate market. When we transitioned out of isolation, we started to look at things a little differently. We made choices to negotiate with employers to work remotely, or take the plunge to pack the suitcases and migrate interstate. Many went in search that new lifestyle we all dream of.
So-called ‘southerners’ all wanted to exit their current living conditions to find that tranquil tree change or life by the beach in regional Queensland. Studies of Weekes Property Co purchase transactions over the previous two-year period, suggest one in three buyers are from outside our Region, a percentage of those from interstate.
In October this year, realestate.com.au published an article titled, ‘Move over Byron Bay: here are five new beachside hotspots’. The only Queensland site to make the top picks; the Bundaberg and Fraser Coast regions, listed at number three.
There are so many benefits when moving from the cities into a regional town, such as Bundaberg. Cost of living. Comfortable year-round climate and proximity to the Great Barrier Reef. From stunning acreage properties close to town amenities to beachside and oceanfront homes – real estate remains incredibly affordable here. And we are seeing increased infrastructure investment from government and private enterprise too. Add the possibility of working remotely, and this migration is a positive trend that’s unlikely to abate locally any time soon.
Living a simpler life, with space and a slower pace can boost your mental and physical health. While moving from the rat race may be a huge adjustment for some, most newcomers will absolutely adore what our Region has to offer. The secret’s out!
With more than ten years’ experience in local real estate, Ryan is the founder and principal at Weekes Property Co – a realtor agency designed to be different.