Will this devastate regional towns?

Discussion in 'Property Market Economics' started by MTR, 6th Jul, 2020.

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  1. MTR

    MTR Well-Known Member

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    It is too early, however prior to this were bush fires.... double whammy
     
  2. Cousinit

    Cousinit Well-Known Member

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    I notice a lot of city folk have a dim view of investing regionally. Many of these smaller cities all over the eastern states of our great country have multiple growth drivers and things like medical services and education opportunities are very good. It's not like Meekatharra or Gnowangerup!
     
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  3. albanga

    albanga Well-Known Member

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    Yeah Spot On!
    I’m already entertaining the idea myself in perhaps a couple of years.
    But as you said it still needs to meet certain criteria of proximity to everything I need and at quality. By that I mean hospitals, restaurants .etc

    I would also still need decent access to the CBD for the days I do work and going footy .etc

    So a beachside location within 30minutes of Geelong would probably tick most boxes for me.
     
  4. Westie

    Westie Well-Known Member

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    Same. I'd go live in Torquay/Ocean Grove myself if it not for the need of a good and affordable primary school.
     
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  5. MTR

    MTR Well-Known Member

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    can I add Merridan
     
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  6. MTR

    MTR Well-Known Member

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    yes, but not regional

    I like Barwon Heads and I also love mornington peninsular, Blairgowrie.... got it all really
     
  7. kierank

    kierank Well-Known Member

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    I would rather bang a nail into the coffin of a regional community than into the coffin of a person whose death was caused by COVID-19.

    The regional communities will bounce back; the person won’t.
     
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  8. Cousinit

    Cousinit Well-Known Member

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    What is wrong with the schools in those areas?
     
  9. MTR

    MTR Well-Known Member

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    OK, I dont think anyone would want to see either

    But we are actually discussing the impact on the regional property market in current climate
     
  10. MTR

    MTR Well-Known Member

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    I think this threads highlights the fact that many here would actually consider moving to a major regional centre in a heart beat.

    I would too for lifestyle
     
  11. kierank

    kierank Well-Known Member

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    A quote from your link In your OP states:

    “I represent the entire southern border and it would devastate our regional economy.”​

    Your link says nothing about regional property.
     
  12. MTR

    MTR Well-Known Member

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    Connect the dots...... devastation of economies will impact on property etc
     
  13. kierank

    kierank Well-Known Member

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    Connect the dots...... regional economies will bounce back if they are “devastated” and so will regional property if they are “devastated”, etc
     
  14. Cousinit

    Cousinit Well-Known Member

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    So you're going to be moving out to Merredin MTR?
     
    Last edited: 7th Jul, 2020
  15. MTR

    MTR Well-Known Member

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    Lol
    Absolutely not, have you ever visited? Its where serial killers fly under the radar sort of.... joking;)
     
  16. Cousinit

    Cousinit Well-Known Member

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    Ha ha. Yeah I think I've been through there many years ago.
    As funny as it sounds, I think I would rather be there than cooped up in squalor in a Melbourne apartment at the moment.
     
  17. MTR

    MTR Well-Known Member

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    Really, that bad
    My daughter is in Melb, I think she is coping OK

    i do feel for all Melbournians atm
     
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  18. Robbo80

    Robbo80 Well-Known Member

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    Problem is cities are attracting all the young people with all the major unis being located in town whilst the regionals the elderly/downsizer cohort. That is not a good demographic trend. Further to that, all govt spending and innovation is centred in the metro areas.

    And for a place like Victoria, Melbourne's cafe, arts, sports and food culture are its main drawcard. The weather is generally not very nice and the landscape is subpar in most areas so its tough to really find a nice regional place to move to that really offers a much better lifestyle at a relatively cheaper price.

    But agree as wfh takes off the demand may push towards outer suburbs that offer the same lifestyle/schooling/healthcare as inner suburbs for a fraction of the price.
     
    Last edited: 7th Jul, 2020
  19. Cousinit

    Cousinit Well-Known Member

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    Melbourne has many attractions for everyone and students can learn remotely. Hard to argue about the weather though. As for finding a nice regional place to live..plenty to choose from!
     
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  20. George Smiley

    George Smiley Well-Known Member

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    Subpar in what respect? I haven't seen much of Melbourne outside of the inner suburbs.