Is sea changing over? Not yet, although city escapees are now looking at more affordable options.
City dwellers seeking a sea change this year will likely look for more affordable towns after some hotspots boomed.
“There’s still a drive towards sea-change locations but the affordability and availability are both challenges. So instead of looking for a place on Victoria’s Great Ocean Road, they’re now looking at Geelong half-an-hour down the road, or at Maroochydore instead of Noosa in Queensland or at the Northern Rivers in NSW instead of the Gold Coast.”
Sydney retirees William Gilchrist and Mark Callan consider their move to Queensland’s Palm Cove the best decision they’ve ever made. Agent Callum Jones of Real Estate Port Douglas said demand is still strong for homes in the area, with 80 per cent of customers from Victoria and most of the rest from NSW.“Relatively speaking, it’s also quite cheap when compared to prices further south, and the properties can be very luxurious.”
“Prices in so many have really taken off, almost to the point of unaffordability for normal households,” she said. “So we’re seeing a movement to other places, and particularly inland in numbers we’ve never seen before.
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