Thinking of a Tree or Sea Change? Perhaps you are looking for an investment property? Regional property is becoming increasingly popular, Baw Baw Shire and Bass Coast shire are the fastest growing regional areas according to the most recent census results.
If you are looking to purchase an investment or move to a regional location, here are some key areas to consider before making an offer.
Location: Whilst living in the city or suburbs you have most modern conveniences not far from your front door, this often changes when moving to regional area. This is something to consider before moving or purchasing an investment home in a regional area. Towns like Warragul, Drouin, Yarragon, Trafalgar, Neerim South, Cowes, San Remo and Grantville do have most modern conveniences such as a supermarket, doctors’ clinic and schools, there may be times that you will need to travel to get to something you require.
Amenities: Does the town have all the amenities you or a renter would require such as supermarket, doctor’s clinic, hospital, sporting facilities and schools.
Commute: Are trips into the city or larger towns something you will need to do often? Will you be commuting to work, is there public transport nearby or will you be driving? For an investor, easily accessible public transport is a big bonus.
Lifestyle: Consider what kind of lifestyle you want this move to provide. Are you looking to live the country life, surf before work? Are you an empty nester and wanting a quieter space. These are all things to consider when looking for the perfect property for you.
If it’s an investment property, are you looking for a holiday short term rental property or a long-term lease situation.
Infrastructure: Are any large-scale projects being planned for the area? Projects in the areas of education, health or transport facilities can indicate growth in the region which could be beneficial for an investor.
Local economy: What is the local economy like? For an investor, you will especially want to consider the status of the local economy. A strong economy in regional areas equals strong employment and will keep rentals in high demand.
Its permanent, not just a holiday: Remember a location might be great for a holiday, but living permanently in in that same location can be very different to living the holiday life. It’s important to consider all factors before making the move. Things like commuting to work, maintenance on the property, children’s education, and distance to sporting and social clubs are all things to factor in.
If you are looking for more information on certain towns or suburbs in West Gippsland, Baw Baw Shire, Bass Coast Shire or Phillip Island please look at the ‘Our Neighbourhood’ page on our website and linked below. This will provide you with a brief rundown of each location that we service, along with amenities, schools, sporting clubs and things to see and do in each area. https://oneagencycountrytocoast.com.au/our-neighbourhood
If you decide the move or investment is right for you, please contact one of our award-winning real estate agents who would be more than happy to assist in finding the right property for you.