Australian alpine property hits dizzy heights
A hold on overseas travel due to the pandemic has seen buyers snapping up Australian alpine property at a rate never seen before.
Written By Nicole Cox
Snow bunnies spellbound by a cabin escape in a winter wonderland have swamped Australia’s alpine regions, amid COVID’s forced ‘holiday at home’ edict.
Real estate industry professionals say Victorian and New South Wales’ ski towns have become unintended winners of the pandemic, which had fuelled a groundswell of buyer activity from people desperate for a run on the slopes.
Agents say they have been inundated ahead of the peak snow season, and the increased demand coupled with a shortage of stock had created the ‘perfect storm’ sending prices sky high. Victorian snow fields agent John Castran, from Castran Real Estate, said the agency’s alpine division had seen a staggering increase in buyer interest across all their snow sites – Dinner Plain, Mount Hotham, Mount Buller and Falls Creek.
'''COVID has been very good to regional property and it’s been even better to alpine property'' Mr Castran said.
'''In my 40 years [working in the alpine region] I’ve never seen the velocity of sales, the number of sales that are occurring and the prices they’re occurring at. It’s almost at the position now that there’s no stock left.
'''People have come to the conclusion that they probably won’t be able to travel overseas to the ski resort of their choice for probably another two years, so what they’ve done is invest.''
Share to Facebook