Updated: Sep 20
One of the interesting and unusual aspects of 'Chesapeake Estate' is that of the survivalist leanings of the original owner, Donald McDonald. The survivalist (aka 'prepper') theme has been around for some time in the U.S real estate market. It has become somewhat topical again due to the development (and soon hopefully, the resolution) of the Covid-19 pandemic. Airlie Beach remains quiet and orderly, and one can safely assume it will remain that way until the current situation has ended. Beyond Australian shores however, the situation is somewhat on-edge in places.
Here in Australia, a more recognised trend is a segment of the property market that have been labelled 'sea-changers' or 'tree-changers'. These are city residents who move to regional locations usually within two to three hours drive of a capital city. There are a number of factors driving this trend including the quality of the physical environment, as well as developments with regards to online shopping and work opportunities.
The past few weeks have seen a number of articles in the media - mainly in relation to NSW coastal towns - claiming a boom is occurring in relation to sales to city dwellers. Given that Airlie Beach is further removed from a capital city, the extent to which these trends will be seen here in the local real estate market remains to be seen. But my guess is that it will affect the local market more than most would currently envisage.
There have been quite a number of relevant articles published in recent times, including:
Lockdown lifts luxury home sales: ‘Top end of the market is on fire’ (25 August 2020) Australia
Treechange: Auction that proves regional Australia is booming (17 August 2020) Australia
Property searchers hunting for home offices en masse, with staggering surge in numbers (17 August 2020) Australia
Homes selling unseen in holiday hotspots (14 August 2020) Australia