Escape from the city: Shepparton real estate market booms

WORKING SEVEN DAYS A WEEK... Nathalia builder, Darcy Botterill (pictured on roof), of D Botterill Constructions working unloading a new house frame in Murchison. The Greater Shepparton real estate marked is booming on the back of Coronavirus lockdowns, extensive government grants and an exodus of Melburnians heading for the regions. Photo: Steve Hutcheson

ANECDOTALLY, people have heard about it, and recent statistics from the Australian Bureau of Statistics (ABS) back it up: Melburnians are leaving the city for new regional homes – including Shepparton.

According to the ABS, more people left Melbourne in the June quarter for regional centres or interstate than any other time in the last 19 years, and it’s expected the trend has continued through the September quarter. Meanwhile, real estate prices in Greater Shepparton have spiked.

It’s a trend that has been noticeable to Simonds Homes Shepparton sales consultant, Glenn Wilson.

“We’ve seen a lot of people come up because of the job opportunities, and that’s given us a real boost, but we’ve also seen a whole range of other people moving out of Melbourne,” he said.

“Previously, they’ve come up for work. Now we’re seeing people come up for lifestyle.”

Click here for full story inside this week’s House & Land Lift-Out

WORKING SEVEN DAYS A WEEK… Nathalia builder, Darcy Botterill (pictured on roof), of D Botterill Constructions working unloading a new house frame in Murchison. The Greater Shepparton real estate marked is booming on the back of Coronavirus lockdowns, extensive government grants and an exodus of Melburnians heading for the regions. Photo: Steve Hutcheson