Federal Member for Gippsland Darren Chester says the growth in demand for regional properties is a positive sign for the future of the region.
But he warned that all levels of government will need to move quickly to provide the infrastructure and services demanded by a growing population.
“Property prices across regional Victoria have risen by almost 7% in the past 12 months as many city-dwellers re-think their lives in response to the COVID-19 pandemic,” Mr Chester said.
“We are fortunate to live in such a great part of the world and it doesn’t surprise me that more people are selling their city properties and seeking regional opportunities.
“The lockdowns have demonstrated to countless people that they can work remotely from a CBD office. People have taken the opportunity of a sea change or tree change and it has resulted in a more competitive real estate market.”
Mr Chester said in the Latrobe City the median house price had jumped by 8.2 per cent.
“The Latrobe Valley and towns across Gippsland offer a better regional lifestyle while still being accessible to the city,” Mr Chester said.
“Now is the time for governments to invest in our region through improved infrastructure, telecommunications and public transport.
“It is extraordinarily expensive to keep retrofitting our bloated cities when a better option exists 100 or 200 kilometres down the road.
“I’m a huge supporter of decentralisation and attracting more people to live, work and invest for their futures in regional areas like Gippsland.”