At the behest of the pandemic, so many individuals, businesses and industries have been hugely affected, but thankfully the property market has fared very well down here on the coast.
We have always been a popular destination for those who work in Melbourne, for those that are looking to make a seachange and instead commute down the highway to work. However, this year has brought to light a multitude of factors that make living on the coast all the more desirable and achievable for those from the city.
Firstly, due to necessity, many businesses have been forced to explore working from home this year. In doing so, many businesses have realised how achievable and advantageous the arrangement can be. Employers have realised how much can be done remotely, reducing overheads and travel time and fast-tracking processes that would otherwise have been more time consuming, in-person transactions. Because of this, a huge number of employers are expressing the desire to maintain this dynamic post-pandemic.
This arrangement frees up the employee’s living arrangements, as they are no longer tied down to living near their place of work, it also opens up time that would have otherwise been spent commuting, allowing for a greater work-life balance.
Which leads into the second factor: with everyone in Melbourne being locked down in small apartments and townhouses, we have had an influx of people (particularly those with kids), expressing their desire to shift down to our regional towns post-lockdown. Not only can the they get larger houses and bigger yards for their dollar, but they also have access to beautiful beaches, walking trails and the comfort that comes from being a part of a smaller local community.
This time has put into perspective what is really important, and for most people the emphasis has been on spending time with those we love and prioritising good mental health – a balanced lifestyle that we down here on the coast are known for.
If you have an investment property and are wondering how to navigate the pandemic, give us a call at Property Owners on 5223 1657 and we will set you up to get the best result for your property.