The region is also experiencing a shift in its rental landscape. Many investors are choosing to sell their properties, driven by factors such as land taxes and changing regulations. This trend has led to a shrinking rental stock. However, demand remains robust, with 10 to 20 groups attending each inspection. In fact, if more properties were available, they wouldn't sit vacant for long.

High-demand properties typically include standard 650 sqm blocks with three or four bedrooms. In Korumburra, even older weatherboard or character homes are being rented just as quickly as newer builds, highlighting the appeal of these areas.

In Drouin, unit rents have experienced significant growth over the past year, rising by 8.1% according to realestate.com.au. With 304 active renters and only eight available rental properties in the past month, the demand for rental homes in this area is clear. For investors, the opportunity to secure long-term tenants is an added bonus, reducing the need for frequent re-leasing.

Community and Lifestyle Attractions

The demographic in South and West Gippsland is diverse, with owner-occupiers typically being older and often retirees, while younger families dominate the rental market. These families are drawn to the region's serene environment, offering a slower pace of life and plenty of space. However, securing work is often a key factor in their decision to settle here.

The standout feature of South and West Gippsland is its strong sense of community and the rural lifestyle it offers. Local sporting clubs play a central role in each town, creating a welcoming and supportive environment. There’s little traffic and no hustle and bustle—just the peaceful country lifestyle many dream of. It’s a place where you can truly enjoy the community atmosphere, making it an attractive destination for renters and investors alike.