5 reasons to move to regional Victoria

Today marked a landmark day for Victoria after Premier Andrews announced that there are officially no active cases of coronavirus in the state for the first time in nine months.

The recent lifting of Melbourne’s ‘ring of steel’, coupled with today’s announcement, makes for good reading for Victorians.

Melburnians have regained some of life’s freedoms, with many exploring the possibility of moving away from the big smoke, but what are the main reasons for doing so?

OzHomeNews spoke to Belle Property Daylesford Director, Will Walton, to find out his top five reasons why buyers should swap the city for the country…

5.

Tourism on the Rise

With more and more money being invested into tourism in regional areas by the Victorian Government, not only are more remote parts of the state becoming better places to visit but also better places to live and set up businesses.

“There are many award-winning restaurants, cafes and retail stores popping up,” said Mr Walton.

“Our local economies are doing well with the enormous rise in domestic tourism, small businesses are benefiting from that hugely.”

4.

Sense of Community

The slower-paced nature of regional Victoria can offer a sense of community and togetherness unmatched in some of the bigger towns and cities, which is sure to be music to the ears of some laid back buyers.

“Small regional towns do have a wonderful sense of community,” explained Mr Walton.

“There are endless educational and recreational oppurtunites including a number of festvals, with Booktown in Clune and Spudfest in Trentham to name a few.”

“There is also a big focus on smaller farms meaning you can buy goods directly from growers if you want!”

3.

Investment Opportunity

For those investment savvy buyers out there, regional Victoria boasts some great oppurtunities that are primed to take advantage of the tourism boom.

“Our rental returns are exceptional all year round whereas in beach or coastal locations that isn’t always the case,” said Mr Walton.

“There are lots of financially strong returning investment opportunities that could also be used as weekend holiday homes.”

“Some popular tourism regions are great to consider as they don’t rely on sand or snow and can be leased more regularly throughout the year.”

2.

Affordability

As the necessity to live as close to the office is often no longer essential, buyers are being drawn to regional Victoria where they can get more bang for their buck.

And who doesn’t like to save a bit of money here or there right?

“With the current historically low interest rates, first home buyers can enter the market easier in regional locations,” said Mr Walton.

“Also, depsite a rise in house prices the average price here in Daylesford is close to $660,000 whereas somewhere like Sorento closer to Melbourne is $1,430,000.”

1.

Work Life Balance

The hustle and bustle of city life is definitely something that isn’t for everyone, and regional Victoria offers some incredible properties that are perfect for working from home.

“The main reason people move to a regional setting is for the lifestyle and the work-life balance,” explained Mr Walton.

“You can feel like you’re on holiday all year round here.”

“The combination of working from home and the affordability in some discerning areas are the biggest bonuses of living in regional Victoria.” 

Get Exclusive Access To OzHomeNews

Check out our latest content...

BRISBANE’S MOST EXPENSIVE PENTHOUSE

Award-winning ‘LakeHouse’

The ‘Gem’ In Emerald Lakes

“The One” Penthouse In Cleveland

Coco Privé! Little Cove’s Hidden Gem

La Banos-Tom Marshall Design

Check out our most popular articles!

Exclusive Entertainer’s Dream on the Market

$9.5m ‘Eagles Nest’ Listed on The Northern Beaches

007 Star Lists Malibu Mansion for $140m!

Remarkable Ridgeway Drive Home Up For Grabs

‘Castle in the Sky’ Sold for $4.2m

Top 10 Hottest Properties of the Week