Get out of the big smoke and head for the hills, the NSW government grant is making your tree a reality.
"The NSW government will provide families who make a sea change or tree change a $7,000 relocation grant where they sell a property in the Sydney metropolitan area and buy a property in a regional community," said New South Wales Deputy Premier and Minister for Regional Services, Andrew Stoner.
In a move that is trying to get more people to move out of Sydney, it’s said the tree change grant is a good move for families with growing kids. Officially the $7,000 offers starts on July 1st, with an allowance for 10 thousand families in the first year.
Values of rural properties within a 2.5 hour drive from Sydney are holding steady - according to real estate and research firm PRDnationwide.
Despite the general housing marketing taking a battering during recent years due to the Global Financial Crisis - prices of rural properties have remained relatively stable.
The report investigates two segments of the rural market - smaller holdings classified as 'residential rural' properties between 0.4ha and 4ha, and larger 'rural lifestyle' properties ranging in lot size between 10 and 40 hectares
"Smaller size rural lots have proven to be a popular choice for buyers from both city and country areas," said PRDnationwide research analyst Oded Reuveni Etzioni.
"Rural residential lots are often located closer to urban areas with both the size of improvements and scarcity of land increasing the pressures on prices," he added.
Regional areas drawing the most buyers of rural properties under ten acres are Kenthurst (41 sales in 2010), Dural (36), Medowie (30) and Londonderry (28).
The median selling price for rural properties under 4ha rose slightly to $726,500 over 2010 (up 3 per cent).
"Sydneysiders will continue to seek a place in the country that they can escape the city rush to and those rural plots which are close enough to allow for recreational and maintenance activities to be done on weekends and during holiday periods will be most sought after," he said.
14 things to consider when making a tree change
• What are the benefits of the change?
• Where’s the best place for your and your family?
• What amenities do the towns offer?
• How far is the drive to see your friends and family?
• Are there any extreme weather conditions?
• What you can afford and what you get for your money?
• What is the economy of the town, and the feel of the place. Make sure you’ve moving to a positive place, not somewhere that’s really struggling economically.
• Are your pets going?
• What about your household goods?
• Can you get your medical prescriptions easily?
• What is the mobile and internet service like?
• What is the real living cost?
• What sort of work do you want? Full-time, part-time, volunteer and what is available?