Insight Advisory Group - Could a tree-change work for you? - Tree change

Could a tree change work for you?

Cleaner air, open spaces, a lower cost of living, and did we mention less traffic? A tree change offers plenty of enticing benefits, but if you’re serious about trading city life for country charm, it’s essential to do your homework. This guide will help you weigh the pros and cons of making a tree change and ensure you’re prepared for the transition.

Housing Affordability in Regional Areas

One of the most appealing aspects of a tree change is the affordability of housing. Buying or renting in the country is often far cheaper than in metropolitan areas. For instance, in Wodonga, located on the Victoria-NSW border, you can rent a modern 4-bedroom, 2-bathroom home for about $480 per week. By comparison, a similar property in Melbourne’s Glen Waverley could cost you around $700 per week.

When it comes to purchasing property, the savings are even more striking. A 4-bedroom, 2-bathroom home on a spacious 1,000-square-meter block in Orange, NSW, might cost just over $800,000. Meanwhile, a comparable home in Hornsby, Sydney, could exceed $1.5 million.

However, cheaper housing doesn’t mean there aren’t other costs to consider. For example:

  • Council Rates: Regional municipalities often cover large areas with fewer residents, leading to higher council and water rates.
  • Bushfire Risks: Homes in bushfire-prone areas might require expensive modifications to meet fire safety standards, and insurance premiums can also be higher.

Before committing to a tree change, it’s vital to calculate these expenses and research council rates and zoning requirements. Carefully review the Section 32 when buying land to ensure you’re aware of all obligations and restrictions.

Employment Opportunities in Regional Areas

A successful tree change often depends on your ability to secure reliable work. Fortunately, government incentives have encouraged businesses to establish themselves in regional areas, leading to growing employment opportunities across a range of industries.

As regional economies expand, they also enhance the quality of life for residents by funding community infrastructure, such as parks, libraries, and transportation systems. This creates further job prospects in education, healthcare, retail, and hospitality.

Before making a move:

  • Research the local job market in your chosen area.
  • If possible, secure a job before relocating to ensure financial stability.
  • Consider whether your skills and qualifications align with the demand in the region.

Is a Tree Change Right for You?

It’s easy to fall in love with the idea of a tree change after a relaxing holiday in the countryside, but vacationing and living in a regional area are vastly different experiences. On holiday, you’re free from the daily grind of work, school runs, and household chores. Moving permanently requires a deeper understanding of what life will truly look like.

If you’re serious about making a tree change, take time to thoroughly research your potential new home. Consider the following factors:

Schools

  • Are there good primary, secondary, and tertiary education options?
  • Do schools offer adequate resources and a broad range of subjects?

Healthcare

  • Are there accessible hospitals, doctors, dentists, and ambulance services?

Community

  • Does the area offer sports clubs, libraries, public transport, and cultural activities?
  • Are parks and recreational facilities well-maintained?

Entertainment

  • What’s the dining and entertainment scene like?
  • Are there cafes, restaurants, theaters, or shopping options to suit your lifestyle?

Turning Your Dream Tree Change Into Reality

Australia offers a wealth of wide-open spaces and charming regional towns perfect for a tree change. However, turning this dream into a sustainable reality requires careful planning. By researching housing costs, employment opportunities, and local amenities, you can make an informed decision about whether a tree change is right for you.

If you’ve done your due diligence, drawn up a plan, and are ready to embrace the countryside, your dream tree change could soon become your everyday reality.

Read this great article from Harcourts International. See our other lifestyle articles.