The COVID-19 crisis is the last straw for many Melbournian residents who are now looking to escape Melbourne’s madness permanently.
In what could prove a boon for regional and rural Victoria, Ray White Rural (Victoria) Director Jason Hellyer said the volume of inquiries about properties outside metropolitan areas had spiked in the past month while people were isolating at home.
Mr Hellyer said areas of particular interest included Greater Geelong, Macedon Ranges Shire, Mitchell Shire, Moorabool Shire, Mornington Peninsula Shire, Murrindindi Shire and Yarra Ranges Shire. He said examples of townships in focus included Mitchell Shire’s Wallan (61km* from Melbourne’s CBD), Kilmore (75km* from Melbourne’s CBD) and Broadford (89km* from Melbourne’s CBD) to the north. Townships north-west of Melbourne in the Macedon Ranges region including Gisborne, Woodend and Kyneton were also becoming increasingly popular.
Article: Outer Melbourne Property Report >> click here.
Mr Hellyer said he was ensuring all Ray White Rural properties now had full virtual inspections in addition to traditional inspections, which were also continuing and COVID-19 compliant.
“In the past, many Melbournians chose to enjoy a country lifestyle retreat on weekends and during their holidays. With COVID-19 requiring so many people to work from home, they are now seeing the benefits of doing that much more in the future,” Mr Hellyer said.
“I’m talking to people who have openly reached their tipping point in Melbourne and want to escape the madness. They’re citing constant population growth*, increased daily traffic congestion, sharp rises in their costs of living (especially utilities such as electricity and gas), major roadworks, cancelled, late and overcrowded public transport and general affordability pressures as the major stress points.
“COVID-19 has affected many white-collar professionals who are cash poor and asset rich, and they want to improve their quality of life and liquidity by getting out of Melbourne for good. With record-low cash and interest rates in Australia, they’re feeling the time is right now to get it underway.”
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Mr Hellyer said two other historical milestones that drove growth in regional and rural Victorian populations from Melbourne were the DotCom crash of 2000 and Global Financial Crisis of 2007.
For further information on ‘Residents Escape Melbourne’s COVID-19 Madness’ or interview requests contact Jason Hellyer, Ray White Rural (Victoria), mobile: 0403 043 571 or email: firstname.lastname@example.org
#EscapeTheMadness #OuterMelbourne #RegionalVictoria
*Data Sources – Property Data Solutions Pty. Ltd. 2019, www.pricefinder.com.au, Domain’s Property Price Forecasts – February 2020 (Trent Wiltshire), Google Maps. Data compiled 18/02/2020 by Ray White Rural Victoria for period for Quarter 4, 1 October 2018 to 31 December 2018 and 1 October 2019 to 31 December 2019. Melbourne’s population is expected to reach almost 6 million people by 2026, Victoria in Future 2019 – Population Projections 2016 to 2056 July 2019, State Government of Victoria, p11. Ray White Rural (Victoria) does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that Ray White Rural (Victoria) accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
About Ray White: From humble beginnings in 1902, Ray White built his business upon the sale of livestock and rural properties from a small town in rural Queensland, Crows Nest. Annually today, Ray White Rural achieves $1.33billion in property sales through nearly 100 rural offices from Dalby to Dubbo, Western Australia to Wodonga, Mt Gambier to Mount Isa, the Clare Valley, the Hunter Valley and everywhere in between. Ray White is the single biggest marketer of rural property in the nation* and conduct the largest volume of rural property auctions, plus we’re one of the biggest agencies for online livestock sales**. *Based on advertising units in Queensland Country Life, The Land, Stock and Land Journal, Farm Weekly, The Australian Financial Review. ** Based on AuctionsPlus analytics.