How Working From Home Is Shaping The Property Market - Professionals Real Estate

How Working From Home Is Shaping The Property Market

Professionals Real Estate Latest News | News for Buyers | News for Sellers | News for Tenants 15th May, 2024 3 Comments

In the wake of a global shift towards remote work, Australia’s property market is experiencing a revolution. Let’s dive into the numbers, explore key points, and uncover the suburbs poised for growth in this era of flexible living.

1. Remote Work Drives Demand:

  • The pandemic accelerated the trend of remote work, prompting many Australians to seek homes that accommodate their new work-from-home lifestyle.
  • With no daily commute and increased flexibility, remote workers are prioritising properties that offer space, comfort, and amenities conducive to remote work.

2. Predictions for the Market:

  • Australia’s diverse housing market, coupled with remote work trends, is expected to drive continued growth in property prices and demand.
  • Suburbs offering a mix of lifestyle factors, affordability, and accessibility to urban hubs are anticipated to see the strongest growth.

3. Homebuyers’ Preferences:

  • Features like dedicated home offices, high-speed internet, proximity to amenities, and green spaces are top priorities for homebuyers.
  • Coastal and regional areas offering a relaxed lifestyle and affordability are increasingly attracting interest from remote workers seeking a change of scenery.

4. Suburbs Poised for Growth:

  • Inner-city suburbs with vibrant communities, cultural attractions, and amenities are expected to remain popular among buyers.
  • Coastal and regional areas, known for their natural beauty and relaxed lifestyle, are emerging as hotspots for remote workers seeking a sea or tree change.

5. Maximising Property Value:

  • Sellers can capitalise on the work-from-home trend by investing in home office spaces, updating technology infrastructure, and incorporating energy-efficient features.
  • Thoughtful renovations and upgrades that cater to the needs of modern buyers can differentiate properties in a competitive market and command premium prices.
Looking for help making your home suitable for remote work? Contact your local Professionals office.
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