Real estate agents are getting enquiries regarding lifestyle properties more than ever now.
Subscribe now for unlimited access.
or signup to continue reading
To slow down coronavirus pandemic, restrictions have been enforced regarding a ban on non-essential domestic travel.
Buyers are now using the opportunity to look at lifestyle properties in the quiet countryside where they can escape from the hustle and bustle of the city.
Peter Reardon, principal Goulburn and Crookwell, Landmark Harcourts feels that the market has been affected and there has been a drop in the number of enquiries compared to around a month back.
"There is much uncertainty at the moment and it is bound to affect the property market as well," he said.
"However, buyers are looking at getting a good deal and purchasing properties at lower prices if they can.
"During this period, apart from some cheaper properties, lifestyle blocks may be sold too. These are buyers from cities like Sydney who want to move to the country area where they can fresh air and quality of life."
George Southwell, a licensed real estate agent with Yass Ray White, has been getting several enquiries for such properties.
"We are getting more enquiries for properties that are a bit isolated at the moment," Mr Southwell said.
"We have a 500-acre property north of Yass due for auction next week. Around 80% of people who have expressed interest so far are those from cities like Sydney, Canberra, Cooma, Jindabyne, Canberra."
In Braidwood, Robyn Duncombe from Duncombe and Co has been receiving such enquiries too.
"We have seen a drop in both enquiries and transaction rate. However, from the enquires we are receiving, a big percentage are for small secluded lifestyle blocks."
Kelly Allen, director of Luton Group in Crookwell, feels that while the enquiries have dropped, there are people interested in buying properties during this time.
"On one hand, there are people who now prefer to stay at home and not travel to inspect properties. On the other hand, people from big cities are interested in buying properties here," she said.
