After skyrocketing during the pandemic, it’s no surprise some regional property values have steadily fallen this year.
The same can’t be said for rural areas around Canberra, however. Established farms, lifestyle blocks and empty canvases are snapped up in no time at all by eager out-of-towners and long-term locals.
While it might be news to some, father and daughter Graham and Tammy Bush saw it coming.
Together with agent Kate Billson and sales support Harriet Kilimann, Tammy and Graham form the highly skilled ‘Team Bush’ looking after all things property in the Yass Valley towns and villages including Yass, Hall and Murrumbateman.
Graham, or “Bushy” as he is known to all, was born and raised in Yass.
With three decades of experience in various facets of the property sector, Bushy has a solid background in farming that affords him an intimate knowledge of the rural lifestyle. And having owned two pubs in the area, “he knows literally everybody”, Kate says.
Bushy says Canberra’s surrounds are going against current trends, remaining hotspots for a range of buyers.
“The pandemic revealed an achievable work/lifestyle balance is available right on Canberra’s doorstep,” he says.
“People looking to get out of the bigger cities like Melbourne and Sydney are instantly attracted to the country lifestyle fostered in areas like Yass, Hall and Murrumbateman.
“These regions also call to land owners living in more remote areas of NSW, particularly those who are getting older and looking to downsize or live closer to the amenities they need, but aren’t interested in city life.
“We expect demand will only continue to increase out here, especially as access to Canberra continues to improve with highway upgrades.”
Tammy says once exposed to regional markets, buyers are quickly excited by the chance to get more bang for their buck.
“When you realise the opportunities that arise when you look just a little further out of town, it becomes a no brainer,” she says.
“All of a sudden, buyers can see how much potential lies in the little towns and communities that most people only get to visit. You can just get so much more for your money.
“Our team is from these areas, so we know just how much joy they can bring.”
Getting out of town might be a popular goal, but there are many factors to consider before taking the leap.
Kate offers a little advice for any prospective homeowner looking to live a little slower in the near future.
“Think carefully about what you want to gain from a rural property,” she says.
“Is this your forever home? Do you want to build a business from it? Or, is it a stepping stone to something even better down the line? Your answer will have an impact on where you end up, so it’s worth reflecting on.
“It’s also a good idea to visit the areas you’re interested in and spend some time there to get a feel for the land, its community, its facilities and its people.”
If you’re looking to buy or sell in Canberra’s flourishing surrounds and need an agent with first-hand experience in the rural lifestyle, contact Team Bush at Independent Inner North and City.