2020 The Year of Sea Change and the tree change
It was 1998 that Laura Gibson, the business lawyer played by Sigrid Thornton, graced our SeaChange screens. In the course of 24 hours, the episode begins with her world turned upside down; she is not a partner in her law firm; her son is removed from college, and she learns her husband has been arrested for adultery and having an affair with her sister. Talk about suspense.
There's nothing like major incidents in life that help you reconsider the things that actually matter in your life. It's paving the way for new starts, as intense and sometimes stressful as these days can be. Just as Laura Gibson did in SeaChange, loading her kids into the family station waggon and going to Pearl Bay for a new start, owing to the consequences of COVID-19, several individuals have made 2020 their year to undergo a sea shift or a tree transition.
The pace at which these movements are being made, particularly in Victoria, suggests a potential new pattern that will increase demand for regional real estate and, in turn, have a positive effect on the property markets that traditional city dwellers would really like to call home.
Sydney and Melbourne saw more individuals heading to rural areas than the towns obtained from 2011 to 2016, according to a survey released by the Metropolitan Australia Institute before the COVID-19 pandemic struck.
So far, in case one wants to make the journey, people have moved from Australia's capital cities to regional areas and towns still a simple, though longer than normal, drive to the centre.
This individuals who chose to relocate to a home with more rooms, cleaner air and a nicer atmosphere are motivated by two main things: the convenience of working from home this year for many professionals and the job openings available in regional areas (for those actively looking for work).
This is now being noticed by social analysts, property analysts and real estate brokers is an urge for residents to experience an environment that is not as busy as their inner-city lifestyle, while also maintaining the opportunity to make a few environment trips a week as offices return to full capacity. If this is an early knee-jerk response to the pandemic remains to be seen, or this urge for a transition would adhere to the post-pandemic.
That being said, if you were thinking of spending farther away from the CBD in cities, now might be the time to start doing some detailed analysis. More and more experts will be willing to exchange their suits for a t-shirt for good.
Note this article is not financial or legal advise. Please check with your financial and legal specialist counsel before making any decisions of your own.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au