Over the last 12 months we’ve seen a huge increase in demand for regional properties. Many people are looking for a sea change or a tree change. They’re being driven from the cities looking for “more”.
Whether that “more” is a slower pace, more connection to family or nature, more time to do things other than work, less financial strain with a smaller mortgage, or just a complete change in lifestyle.
We’ve seen prices in Byron Bay skyrocket by an amazing 26%, both rental demand and buying demand on the Sunshine Coast are higher than they’ve ever been. There seems to be a mass exodus north and whilst the rest of the country is experiencing a decrease in migration and stabilisation of population growth due to no international immigration, Queensland is booming from the interstate migration.
But what does this all mean? I’m not sure exactly, but I do know that it’s a good time to invest in regional areas that are in high demand. I do know that it’s a good time to look at your life and figure out what’s truly important to you. It’s also a good time to look at your work and see how you can work smarter rather than harder.
We’re living in a very interesting time, and it’s a great time to be curious about these changes and what’s going on for yourself.
What changes are you seeing at the moment? What are you curious about? What can you to do capitalise on these changes?