Why are People Moving from City to Rural?
This pattern of shifting from city life to rural was increased during the pandemic. COVID-19 brought reality into the face of people and thereon, a definite shift was seen in the way we all live, work, and co-exist in our communities. A major shift in the life pattern was seen and this triggered people to buy vacant land.
Working from home became the need of the hour and now this is being made a norm by companies around the world.
To be able to work in peace, people prefer to move away from the regular humdrum of city life and choose to live in a rural background. The changes that people are now choosing are leading to the growth in demand for the rural acreage sector. The peace that people experience being in the rural background and the changes the people notice may not necessarily be experienced once they begin living in the city again. This could also be the potential reason behind people making such a major shift.
Working remotely was the biggest challenge earlier but now pandemic has made it possible that too majorly being operated through rural place in Australia.
With the acceptance and enjoyment of a simpler regular structure without having to sit long hours during the commutes, there has been a major increase in the number of families, and even couples, wanting to move to more regional areas.
If people choose not to work in an office, they might even choose to base themselves somewhere else because of the quality of life, or because the place has a house they can afford.
Joel Kotkin, one of the members in urban studies at Chapman University in California states, “Outmigration was accelerated by many factors. Millennials are now getting into their 30s and are thinking of buying a house. There is no doubt that buying a house is equally a great investment but, in such times, when the demand for rural land is on the rise and also when rural land itself cannot be increased, the time is right to make such a life-long investment.
The Growth Regions
Let us now take a closer look at the three East Coast states:
Victoria
Although the hardest hit by the pandemic and subsequent lockdown, Victoria has still managed to see some growth in regional areas.
Geelong had the highest growth in rural land values at 5.4% to a median price of $616,716. Ballarat was second at 4.7% to a median of about $447,485.
Although the Mornington Peninsula saw a negative house price growth of -1.7%, the demand for houses, rural land and units in this region both for rent and to buy, are at the very top of the national demand spectrum.
Reasons people are making such a shift are described below:
A chance to buy a better home for less price.
Spacious and large blocks of land.
Escape from air pollution.
Connection with community.
Security and security.
Peace and no commotion.
Sustainable living.
In direct connection with nature.
A healthier and more active lifestyle.
This change in the shift was also reported by a major newspaper which said that the Regional Movers Index (RMI) showed a national 11 per cent increase in people leaving the "big smoke" to set up houses in country areas, reported by Xinhua news agency.
The data collected by the Commonwealth Bank of Australia (CBA) and the Regional Australia Institute (RAI), compared figures from the June quarter of 2021 to those of the period in 2020.
Another newspaper i.e., the Canberra Times, also reported that the city slickers are continuing to migrate to the regions in droves in a bid to escape capitals locked down because of the pandemic. As per the newspaper, during the June quarter, the index conducted by the major bank and RAI found an 11% increase in the number of people moving from capital cities to regional, rural areas.
The news reports are a testament to the fact that making such a decision would certainly pay off in the long run. If you are looking forward to buying rural land in Victoria, contact Raine and Horne Land Victoria experts. We will guide you throughout the process. So, what are you waiting for? Hurry up, make a move now.
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