Regional Areas Out With Buyers Focused On Inner-City
Buyer priorities have changed according to the NAB.
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The inner-city is at the top of the residential housing market’s wishlist with buyers moving away from apartments and regional areas in favour of affordable suburbs nearby to the city new data from NAB reveals.
The NAB survey asked potential homebuyers the most important factors they consider when buying a property. Here, the survey showed that 74% consider the amount of their loan as most important.
While last year the pandemic shaped the desires of homeowners, with a home office along with a tree change top of buyers’ lists — affordability is now top of mind says NAB’s head of home ownership Andy Kerr.
“What we are now seeing is little green shoots of people returning to inner-city suburbs, looking for the balance of lifestyle and value as cities like Melbourne and Sydney have opened up. This has been aided by more subdued price growth in these areas,” said Mr Kerr.
“The trade-off between affordability and lifestyle has changed markedly throughout the pandemic, with choices around CBD proximity, additional space and price fluctuating over the last two years,” he added.
The survey of 370 property professionals also found 62% considered local shopping, restaurants, and amenities as important when buying a property, 53% preferred a house over an apartment while a further 52% considered the size of the land.
In 2021, the lockdown and other lifestyle factors led to people favouring regional location however in just 12 months the data has swung to people favouring buying in a metropolitan area at 26% compared to buying in a regional area now sat at 21%.
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This home has all the conveniences of modern living set in a dramatic landscape
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Plenty of people are looking to get away from it all. But most are reluctant to give up the conveniences and small luxuries of modern living.
This split-level property at 166 Westwood Street, Bridport on the north coast of Tasmania offers both, with direct access to a stunning coastline as well as easy living in a three-bedroom, Hamptons-style home. Just a 10-minute walk from Mermaids Beach in the Granite Point dress circle, the house on a 1206sqm site is a two-hour drive from Devonport and the Spirit of Tasmania terminal port.
Central to the floorplan is a generous, north facing open plan living space with raked ceilings and wraparound bay windows leading onto a sun-filled deck via sliding doors.
Entry is via a spacious reception area with integrated hall table and storage cupboard. A short hallway offers access to the master suite to the right and secondary bedrooms to the left, or through to the open plan living area to the rear.
The master suite includes a built-in robe and stylish, semi open ensuite. Sliding doors lead onto the split level deck, with a spa on the lower side to provide privacy.
The well-appointed kitchen includes a large butler’s pantry, as well as an island bench and bar area with finishes such as Carrara marble chosen to blend seamlessly into the lounge and dining area. A stone fireplace is the main focal point in this room, while ducted heating and aircon ensure that thermal comfort is maintained all year round.
At 334sqm, the house is large enough to provide room for family and friends when required, bt cosy enough for two, without spending unnecessary time on maintenance and cleaning.
With Barnbougle Dunes and Lost Farm golf courses just 10 minutes away, local wineries and mountain biking at nearby Derby, this is an ideal property for downsizers looking for a little luxury while still feeling connected to nature.
Address: 166 Westwood Street, Bridport
Inspection: By appointment
For sale: By Offer
Price guide: $2.3m t0 $3m
Agent: Andrew MacDonald, The Agency, 0409 368 151 andrewmacdonald@theagency.com.au
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