In recent weeks, we’ve seen a flurry of properties going to contract just in time for the lucky buyers to settle in by Christmas and the school holidays. While prices aren’t at COVID highs, sellers are still achieving strong results.

A recent article supports our view that investing in our coastal towns remains a smart choice. Over the past decade, house prices in Victorian regional towns, like the Surf Coast Shire, have more than doubled due to lifestyle demand. The Surf Coast, for example, saw a 113.6% price increase, with median prices rising from $615,500 to $1,315,000, as buyers seek “sea change” and “tree change” lifestyles.

The COVID-19 pandemic accelerated the shift to regional areas, boosted by affordable prices, flexible work, and job opportunities. Experts like Dr. Nicola Powell from Domain and RAI CEO Liz Ritchie emphasize the enduring appeal of lifestyle focused regions, fueled by strong job markets and lower costs than the city.

Cameron Alexander and Jamie Horne note that many Melbourne buyers are drawn to regional living for scenic views, work life balance, and community engagement, making areas like the Surf Coast particularly attractive for families and professionals.

Read the full article HERE