Have you thought of a Sea Change or a Country Change? There are a number of government grants available in different states to people considering moving out of the city to rural areas. By “rural” we mean…you can still live within a small city or even not too far away from the big smoke. So don’t freak out at the thought of re-locating to the distant outback.
Exhibit B – A couple with young kids moved to the Central Coast from Sydney. The dad was able to organise work locally and mum has a small business set up which she can do from home. Areas of the central coast are significantly cheaper than Sydney, which means they were in a position to purchase a home. But they’re still close to friends and family in Sydney where both Mum and Dad have lived all their lives.
Key Factors to Relocating Successfully
- Find out if you are eligible for any government grants (every little bit helps).
- Keep in mind how you will earn money when you re-locate.
- How far are you really willing to be from friends and family? Losing your support group could have alternative detrimental effects.
- Buying out of town is significantly cheaper.
- There’s less traffic out of the city…so you’ll spend less money on idle fuel.
- Finding work can be hard depending on what you do. Make sure you have this sorted before you commit to re-locating.
- Being away from your friends and family.
- If you decide to commute to the city for work, travel expenses can negate the savings.
Click below to read more suggestions for tips on how to afford both kids and a mortgage.
Kids and a Mortgage – Is it Possible? The Intro - read more
Buy something cheaper - read more
Buy something and rent it out for 6 – 12 months while you live with your parents - read more
Start a trend, don’t buy your kids everything - read more
Refinance - read more