Gloucester is seeing an increase in buyers ready to move during COVID
Gloucester being an ideal tree change destination for people isn't new, but it seems COVID has given them the chance to get moving.
According to Ray White Rural Gloucester real estate agent Kristy Markham, many interested buyers from pre-COVID lockdown have moved forward on their purchases after the first wave.
"A lot of the retirees and tree changers had already made the decision to relocate, but COVID freed up time for them to make it happen," Kristy said.
While the number of people ready to purchase is on the increase, the amount of listings available continues to be an issue.
It's the same issue the agency was having early last year with the demand outweighing supply.
And it's not just in Gloucester.
"We're 40 to 50 per cent down on stock since this time last year and it's the same with other Ray White's across the State," Kristy explained.
It seems the COVID lockdown hasn't stopped people of making life-altering changes, in fact, for this Gloucester agency, it's kicked it up a notch.
The lack of stock, however, has been good news for the properties that have been on the market for a while, with some of these starting to move.
"Vendors are getting good prices,' Kristy said.
Both Kristy and fellow agent, Olivia Harris have been very busy throughout the crisis and they are seeing a new breed of buyer.
"We have buyers who are qualified and ready to buy," Kristy said.
We have buyers that are qualified and ready to buy.Kristy Markham
Olivia agrees that there have been more people ready to move instead of just looking.
Although Olivia's experience with buyers has been slightly different, with some of her enquiry coming from people who are wanting to move out of Sydney due to COVID.
"People are realising that they can work from home," Olivia said.
"One client mentioned that it wasn't even about working in the office during COVID but the time it takes to get up the elevator. With only two people allowed in at a time, it could take all day to get into the office."
The pair have also experience in influx in vacant block sales with both indicating that the government building incentives have been a driving factor.