Up until recently, if you bought an investment property in the country, your capital growth goal required a longer-term approach, deterring some potential buyers. Likewise, while dreamers and schemers may have yearned for a seachange or treechange, the sacrifice of giving up a job in the city was too great.
But in 2020, this global pandemic has changed the way we live and work by normalising remote work and making people warier of high-density areas. These days, a relaxed lifestyle and all the benefits of regional living are more accessible, as the ability to maintain a career and a balanced family life is viable for the first time in many peoples' lives.
Of course, it's not all sunshine and daisies. With immigration halted, population growth in cities is set for a downturn, and the uncertainty surrounding Australia's 'Covid normal' future makes market forecasting unprecedentedly tricky. But with a positive outlook for the end of lockdown and improved infrastructure development in regional hubs, the stars are finally aligning for regional housing to have its time in the sun.