Time for a Sea Change?20 May 2021
Realestate.com.au reported a significant uptick in regional searches, with Byron and Ballina Shires as being one of the highest regions and for those of us who already call this incredible region home, it’s not really hard to see why.
Even before Covid 19 hit, migration data from the Australian Bureau of Statistics showed that in 2018/19, 25,000 net residents left Sydney alone, primarily for regional locations in NSW and southeast Queensland. One of the main reasons people leave cities is the high housing costs and the potential for large homes convinces them to look elsewhere. However, with the increasing property prices in our region, it seems the desire to leave is much more than that. It’s about a lifestyle.
Ballina and Byron Shires offer a slower pace, a different lifestyle, more time in the outdoors, the opportunity to live in a close-knit community, no commuting and a better work/life balance. Of course people need to understand that regional areas also mean less employment opportunities but thanks to the pandemic, many people have proven that working from home or working remotely can be just as effective. In the Elders offices, we’ve seen many families moving up from both NSW and Victoria and even those in Brisbane looking to move down the coast permanently.
The Ballina and Byron Shires are changing in demographics and opportunities and we’re seeing a lot of younger families making their homes here in Northern NSW. We’ve also experienced more enquiries than normal from those looking to invest in a second property so it’s a great time to consider selling if you’re in the position to do so. We have more buyers than we have properties at current!
If you’d like to chat with our friendly team about the local market or ways in which we can help you make your next move, we’d love to hear from you.