Where buyers spent the most money on sea changes last year

“You always need a good base to live on or to come home to or get locked up – I think that will never leave people now,” she said.

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“People have realized that they can spend more time with their family, they can be just as productive at home as they are in the office.”

Tree alterations were also popular, with total sales reaching $ 619 million in Orange and $ 505 million in Bowral.

But further south, Melburnians flocked to Ocean Grove, with requests rising sharply after each lockdown.

The coastal city had total sales of more than $ 485 million in 466 transactions in one year and averaged home value of $ 1.18 million, CoreLogic found.

“It was the strongest ever,” said Liam Rock of Fletcher’s Bellarine.

The popular resort of Ocean Grove is now pulling residents away from Melbourne all day.

The popular resort of Ocean Grove is now pulling residents away from Melbourne all day.Credit:Scott McNaughton

“Every time Melbourne was locked and then came out again, it ticked.”

With many buyers, most homes will sell to competition, some within a few days or a week, he said.

Talks about rising interest rates could put a brake on price growth, but there are currently many potential buyers for open houses, he added.

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“It hasn’t shown any signs of slowing down.”

Further down the coast, Torquay was also a popular spot, with sales exceeding $ 400 million, while Highton in Geelong reached $ 347 million.

South East Queensland has piqued the interest of southern shoppers since the pandemic broke out, despite border restrictions that have made personal inspections a temporary prospect.

Buderim on the Sunshine Coast recorded almost € 748 million

Ray White Buderim’s Ellen Lorenz has seen interest from across NSW and Victoria, as well as teleworkers leaving Brisbane to change their lifestyle.

Buderim offers a change of scenery in the immediate vicinity of the coast.

Buderim offers a change of scenery in the immediate vicinity of the coast.Credit:iStock

The market is hot and many buyers are taking advantage of the offers available.

“It’s really crazy,” she said. “Overall, it was great for Buderim.

“We still have quite a lot of inventory compared to last year, only buyer demand is higher and it was used up quickly.”

Families like the area as it has large expanses of land and a quiet lifestyle within 10 minutes of the beach, Ms. Lorenz said, adding that it has a country town feel as well as coveted public and private schools.

The vacation favorite, the Gold Coast, was popular elsewhere too, including Hope Island (nearly $ 689 million), Broadbeach Waters ($ 577 million), and Surfers Paradise (over $ 468 million).

Even in virus-free Western Australia, the cities with the highest sales were mostly weekend getaways along the Perth coast.

Dunsborough topped the list at $ 226 million, followed by Margaret River at $ 207 million, Australind at $ 165 million, and West Busselton at $ 138 million.

Source: | This article originally belongs to smh.com.au

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