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 kind of post-lockdown normality
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“We will continue to see Australians who love a simple lifestyle – but who can also live their values, have less commute time and more time for self-care – make the move,” Mr Bailey said. Queensland received the largest influx of tree-changers, with 16,970 people moving into regional areas in 2020 – almost triple the number of the year before, ABS data showed.Mr Bailey said this migration north took place as people fled Sydney and Melbourne during those cities’ lockdowns.
In Gympie, north of Brisbane, house prices jumped 27.9 per cent to a median of $447,000, but it was still cheaper to buy there than any Australian capital city.said the reopening of the Queensland border would bring people interstate who had been locked out of the market, as they could not inspect properties in person, back to the market in 2022.iStock
Booming house prices in Sydney and Melbourne prompted people able to work from home to move within their own states, with many buyers selling up more expensive homes in the city and moving to cheaper locales to get more bang for their regional buck.Credit:LJ Hooker head of research Mathew Tiller said he expected that dynamic to continue over the short to medium term in tree-change areas. These included the already popular Blue Mountains and Hunter Valley in NSW.
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