Regional areas have become extremely attractive when taking into consideration cost, land size and existing facilities, such as the Wallan township
Prior to the COVID lockdown, the Wallan real estate market was in a downturn – as was the market in general – having an extensive amount of settlements default, not only within Wallan but surrounding suburbs, there was an excess amount of stock on the market.
This all changed with the well-timed launch of the homebuilder’s grant, allowing the market to purge the excess stock, and reset the supply and demand. This was coupled with a resurgence in market confidence thanks to the COVID stimulus. Since then, all titled stock out at Springridge has now sold and our recent Stage 9 release saw our biggest month on record, achieving $10.5 million dollars in sales for April, with May expected to be just as big.
Putting aside the many negatives of COVID, it has brought us forward in terms of adaptability and technology industry-wide, allowing technology to do its part with an extraordinary amount of businesses now allowing employees to work from home, making regional areas extremely attractive when taking into consideration cost, land size and existing facilities, such as the Wallan township.
If I was to single out an attribute that has really made Springridge shine in the northern corridor during this buoyant market, it’d be the foresight when working with our developer to ensure the stock offering was as diverse as possible, having options from 392m2 – 2,992m2 on hand allowed us to create an offering that’d suit every client from the first home buyer/investor all the way through to second and third homebuyers.