PHOTO: Data has shown many Australians are shunning the suburbs and snapping up homes in droves in ‘sea-change or treechange’ towns. Source: News Limited
Aussies are ditching their apartments and snapping up homes in droves in the sought-after new ‘Goldilocks zone’. See where makes an area considered to be a part of the lucrative new zone.
Australians are snapping up homes in droves in the ‘Goldilocks zone’ on city fringes or even further, new data has shown.
The new term coined for a residential property trend induced by COVID-19 has identified areas such as Bowral outside Sydney, Daylesford northwest of Melbourne and Maleny in Queensland’s Sunshine Coast region as key new ‘Goldilocks zones’.
The sea-change or treechange movement seen around the nation for the past 20 years or so was previously popular with those aged 55 and over seeking to “downshift and downsize”, The Demographics Group managing director Bernard Salt said.
But now, it’s being done by people aged 25 to 44.
As Millennials emerge from their city hipster apartments with children in tow, they’re seeking a better lifestyle, with the once-in-a-lifetime health crisis proving working from home and only commuting to the CBD once or twice a week can be productive and result in far better lifestyles.
VESPAs – Virus Escapees Seeking Provincial Australia – are ‘all over’ Byron Bay. Source: Supplied
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