The booming tree-change trend in property is predicted to continue into 2022, even though homebuyers may be forced back to city offices if life returns to some post-lockdown normality. A slower pace of life lured homebuyers to regional areas, enticed by lower house prices, notably as median house prices in Sydney and Melbourne rose well beyond $1 million.
The latest Australian Bureau of Statistics (ABS) figures show over 230,000 people arrived to live in regional areas across Australia in 2020, resulting in net migration of 43,000 people. Queensland received the most significant influx of tree-changers, with almost 17,000 people moving into regional areas in 2020 – nearly triple the number of the year before.
The difficulty of lockdowns in Melbourne and Sydney dampened their reputations and saw people aspiring to move to safer spaces. Booming house prices in Sydney and Melbourne also prompted people who work from home to move within their own states, with many buyers selling up more expensive homes in the city and moving to cheaper regional locations.
It is expected that this trend will continue into the next year and beyond. People are moving out of Melbourne for a sense of community and extra space.
The latest Australian Bureau of Statistics (ABS) figures show over 230,000 people arrived to live in regional areas across Australia in 2020, resulting in net migration of 43,000 people. Queensland received the most significant influx of tree-changers, with almost 17,000 people moving into regional areas in 2020 – nearly triple the number of the year before.
The difficulty of lockdowns in Melbourne and Sydney dampened their reputations and saw people aspiring to move to safer spaces. Booming house prices in Sydney and Melbourne also prompted people who work from home to move within their own states, with many buyers selling up more expensive homes in the city and moving to cheaper regional locations.
It is expected that this trend will continue into the next year and beyond. People are moving out of Melbourne for a sense of community and extra space.