We have seen the demographic shift of sea-changers and
tree-changers for many years now, and more recently a new trend has
been emerging called E-changers.
E-changers
are people moving to lifestyle locations within commuting distance to capital
cities who can work from home for two or three days a week. It started
with self-employed people, or well-paid CEO's, but is now shifting to
everyday people who don't need to spend five days in the office. This
benefits both the employer and the employee.
The traditional company office is evolving to meet the demands
of new business. Advances in IT technology and the need to accommodate
more flexible working hours for staff has assisted employers by downsizing
their offices. Capital cities are seeing more and more hot desk offices
open up where large numbers of companies can share services.
In the USA it is estimated that nearly three quarters of the
workforce will be working remotely by 2020, please see the following links for
more details:
Communication Technology and Inclusion Will Shape the Future of Remote Work
Teleworking in Australia: Latest Trends and Perceptions
So
how does this effect property markets and which ones will benefit the
most? Luxury coastal markets are booming as well as affordable
regions that have all amenities commuting distance to the capital cities.
Lifestyle locations within two hours of the capital
cities are benefiting from the largest influx of new buyers. For New
South Wales it is Newcastle, the Central Coast, Wollongong, Tweed
Heads and Ballina.
For Victoria it is Torquay, Ocean Grove, The Bellarine
and Mornington Peninsula's. In Queensland it is the Gold Coast
and Sunshine Coast.
Lower priced in land regions are also benefiting like The Blue Mountains, Ballarat
and Toowoomba. Click on the following media links to read
further:
Noosa boom: Once sleepy
town now home to rich, famous
The E-Changes -
Australian entrepreneurs move to the country and the suburbs
One in three
Australian works now regularly works from home
This
demographic is not only the wealthy, but includes office workers who can work
from home who have been priced out of the capital cities. Many families
are relocating to locations where they can buy an affordable home without a
suffocating mortgage. So again, they move to lower priced locations
in commuting distance to the capital city CBD. These locations need to be
able to service everyday family needs like Shopping Centres, Schools, Hospitals
and ideally Universities.
To
compound the effect E-Changers will have on specific property markets
please also consider the massive wave of Baby Boomers set to retire over
the next decade. There are 5.5 Million Baby Boomers and many
of these have considerable wealth tied up in property. A large
percentage of these boomers will make a sea or tree change to
the same lifestyle locations the E-Changers are
relocating too. So there will be unprecedented demand for homes in
locations that traditionally have low supply.
All of our property recommendations are the result of stringent research. We only recommend areas to our clients that tick all the boxes. If you are thinking about starting your property investing journey or even if you are a seasoned investor and would like to catch up for a coffee and a chat
Please contact the Investo Team - the coffee is on us!
