Business
Regional property revival as city dwellers head for exits – The Age
The COVID-19 pandemic is sustaining regional property prices as the “new normal” of working from home makes living in the country more attractive.
Regional prices dipped just 0.1 per cent in the three months to the end of July, though prices overall have not risen as much as the capital cities over the longer term.
Experts say regional property prices are likely to continue to do better than many parts of Sydney and Melbourne as the pandemic drags on and working remotely becomes the “new normal”.
Rental vacancy rates in the regions have plunged to well under 2 per cent a far cry from Sydney’s CBD rental vacancy rate, which rocketed to 12…
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