The property market boom in the Goulburn Valley continues to expand, with no signs of slowing.
The regional Victorian market in general has become even more appealing as people, particularly millennials, put remote working into better practice and have gained a better understanding of the advantages of non-major metropolitan living, according to the Real Estate Institute of Victoria.
Value for money has proven a big drawcard for young people buying up in regional Victoria, with the promise of a property that generally encompasses a bigger block, access to a regional lifestyle and the opportunity to finally achieve the “great Australian dream”. It’s a trend that’s not expected to slow down any time soon according to Gagliardi Scott Real Estate principal, Rocky Gagliardi,
“The housing market here in the Goulburn Valley will remain consistent and strong, even more so thanks to government spending in key sectors such as health, education and the arts,” Rocky said.
“Greater Shepparton Secondary College and SAM, among other developments, have increased employment opportunities in our region and once these projects are complete, will add to the already thriving industry of Shepparton that has helped drive people to select our area when considering a tree change.”
New estate developments such as Kialla’s Riverwood Park are a testament to just how strong the market is, with demand almost outstripping supply.
According to Rocky, local builders will see an unprecedented influx of work in the next six months and well beyond as building commences shortly following the land sales boom seen in the last 12 months.
