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Trading the big smoke for country living?
If flexible working arrangements have you thinking about buying in the country, there are a few things you might want to consider.
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Over the last year, COVID-19 forced many Australians to work from home. However, without the need to be close to the office, homebuyers are starting to realise the new possibilities to be gained from flexible working.
For those looking to buy, considerations have changed, with less focus on proximity to the office and more emphasis on lifestyle. So, if you’re dreaming of a change in scenery – here are some things to know.
Your property shopping list
As with any new home, you want to think about the type of property that suits your needs, as well as your budget, deposit and borrowing power. You’ll also need to carefully consider the realities of moving away from the city and your workplace – assessing whether you would be willing to commute further if your remote working situation changes.
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When applying for finance, your lender considers a number of factors to determine your borrowing power – here’s an explanation of some of them.
Location, location, location
When looking to go regional, it is important to weigh up your personal circumstances and lifestyle preferences. If you are a social person, moving away from the big cities may mean less time with family, friends and colleagues.
Check access to local amenities and the location of nearby schools, access to good healthcare and internet connectivity.
Funding your regional residence
Regional properties are often more affordable, with prices that can be up to 38% lower than the city. You may also be eligible for a range of regional purchasing grants.
Your local Liberty Adviser can help guide you on what government grants or stamp duty concessions might be available in the area. They can also help you find the home loan that suits your circumstances and goals.
So, if you're considering a move to the country and could benefit from local support, reach out to a Liberty Adviser today.
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