In March this year, many people suddenly found themselves working from home.
Seven months down the track, businesses have seen that it is possible to be productive outside the office and many remote working arrangements are here to stay.
This means that city dwellers are no longer bound to the big smoke by work. People can perform their jobs from anywhere with an internet connection, and many are considering a tree change or sea change. They’re warming to the idea of regional living, attracted by a slower pace of life, a better living environment and more affordable housing.
Realestate.com.au has seen a surge in regional suburb search volumes since COVID-19 lockdowns began. Searches for Newcastle and Lake Macquarie were up 45.1% in August 2020, compared with April 2020.
The overwhelming majority of searches have been for regional markets adjacent to capital cities, suggesting that while people are considering moving away from capital cities, they want to remain reasonably close by. Situated within two hours (or less) from Sydney, Lake Macquarie and Newcastle fit the bill.
Traditionally, tree changers and sea changers may have been retirees, but times have changed and that’s no longer the case. According to Corelogic, around 80% of people moving from city to regional areas in the last 15 years were under the age of 50.
Lake Macquarie and Newcastle have a lot to offer tree changers and sea changers looking to escape the hustle and bustle of Sydney.
We enjoy a fantastic lifestyle here, and the promise of the same is a strong lure for city dwellers. Whether it’s a stroll along the lakefront at Toronto, brunch in Warners Bay, a foreshore picnic at Valentine, a bike ride through Belmont Wetlands State Park or a day spent at Redhead Beach, a more relaxed pace of life is tantalisingly within reach here.
Our natural environment offers the best of both beach and bush. Plenty of gorgeous uncrowded beaches and Australia’s largest saltwater coastal lagoon, Lake Macquarie, create a unique natural playground.
Younger tree and sea changers are often seeking a better work/life balance. The prospect of escaping Sydney’s infamous traffic and exchanging time spent in the car for leisure time is very appealing.
More Bang for Your Buck
With Sydney real estate some of the most expensive in the world, money spent on the property goes a lot further in Lake Macquarie and Newcastle.
Families whose budget would only stretch to an apartment in Sydney come north for a more spacious family home.
We’ve seen that lifestyle properties, particularly waterfronts, are very popular with tree and sea changers seeking a change of pace and different life to the one they lived in the city.
We’ve also had a strong interest in undeveloped acreage and land recently, perhaps in part due to people deciding, in the light of COVID, that now is the time to act upon their long-held plans and dreams.
With plenty of world-class schools, recreation options and sporting clubs, Lake Macquarie and Newcastle offer everything a family could need. The more relaxed pace of life is also great for the family dynamic, with families possibly able to spend more time together than they did in the city.
One of the best aspects of Newcastle and Lake Macquarie is the people themselves. Our friendly, close-knit communities where neighbours look out for one other are priceless, and a real drawcard for city dwellers.
Close to the Action
As the data from realestate.com.au suggests, even when people are looking to move out of the city, they still like to stay relatively close by. Our area is perfectly positioned within two hours (or less) of Sydney. Newcastle itself has buzzing dining, arts and cultural scenes to satisfy those big city cravings too. Newcastle Airport also offers access to other capital cities further afield, like Melbourne and Brisbane.
If you’re looking to buy or sell in Lake Macquarie or Newcastle, contact our team today.