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Report
Housing crisis sees more Australians moving to country towns
ABC NEWS (Australia)
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12/19/2024
As the housing crisis continues to bite, more Australians are moving to inland country towns in search of affordable homes. The small town of Tambellup in Western Australia’s grain belt has welcomed half a dozen new residents in less than a year.
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00:00
In Tambalup, a residential revival is underway.
00:06
It's a beautiful old 1930s vintage house.
00:09
It's got hundred year old roses all around the garden, so it's just a beautiful place.
00:13
A year ago the town was peppered with vacant homes.
00:16
Now almost all have been sold to people looking for a place they can afford.
00:20
We got a half acre block with this house for under $170,000.
00:24
So it was a very good price compared to other country towns
00:28
and still close enough to everything that we needed.
00:30
The influx of new residents is welcome.
00:33
It's good to have all our houses full.
00:36
Obviously the more people we have in the town the better.
00:39
We'd like to see some more young families.
00:41
And it doesn't take long to sell a house in Broomhill or Tambalup these days.
00:46
The Real Estate Institute says the median price for a Tambalup house was $135,000.
00:52
That's well below the Perth median price of $735,000
00:56
and the national median of $800,000.
00:59
As a result this town's population has grown by 8% in one year.
01:04
At the national scale we are seeing people moving away from large metropolitan centres
01:10
and that's really caused by the very, very high cost of living in those areas.
01:14
While coastal relocations have been on the rise for years now,
01:17
there's a new trend heading inland.
01:20
People moving to the drier wheat belt communities,
01:23
both in New South Wales, Victoria and across in Western Australia, is more unusual.
01:28
Our aim at the moment is to stay here until we die.
01:32
We are that happy with the community.
01:34
A dying wish, breathing new life into regional Australia.
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