More buyers than ever are selling up their inner-city Melbourne homes in favour of Victoria's regional and rural areas.
According to Harcourts chief executive officer Brent Pullar, over the past decade increasing numbers of home buyers have been seeking properties in Victoria's regional and rural centers.
"The business owners and sales consultants in our regional and rural offices have been reporting increased sales figures over the past 10 years as more and more Victorian's are now favouring the countryside over the bustling inner-city," Mr Pullar said.
According to Mr Pullar, some of the most popular ‘tree-change' destinations are areas such as Echuca in the north, Kilmore, Alexandra and Walhalla in the north-east, Maldon and Castlemaine in the Goldfields, Bacchus Marsh and Inverleigh in the west, as well as Ceres and Bannockburn in the Geelong region, and towns past Pakenham in the south-east.
"The most popular regional and rural destinations are usually within an hour's drive of the outskirts of Melbourne and are generally picturesque, leafy towns with appealing cafes and shops," said Mr Pullar.
"This trend used to capture people within an older age bracket - people who were retired or just working part time. With broadband internet and a more flexible and transient workforce, a lot of younger people are now moving away from the city and are choosing to work from home in the countryside," he said.
"As Melbourne's population continues to grow and the city becomes busier, I think we'll be seeing even more people trading in urban life for a relaxed, rural existence."