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Property

Australia's suburban home prices soar as city dwellers seek space

Telecommuting in pandemic lets families pick bigger houses near nature

Beachfront property in Hyams Beach: Demand for lifestyle properties has grown with the increased prevalence of remote work since the pandemic.   © Reuters

SYDNEY -- Australia's city dwellers are fleeing to suburbs and rural towns that offer easier access to nature, a trend accelerated by the pandemic-induced shift to teleworking.

A four-bedroom house new on the market in Killcare, a roughly 90-minute drive from Sydney, has garnered strong interest despite an asking price of 1.7 million Australian dollars ($1.31 million). Its charms include a view of the beach from higher ground.

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