Depending on what and where you want to buy, house prices are typically cheaper in the country.
For example, according to CoreLogic, the median house price in Sydney in September 2020 was just shy of $1 million. Make the move to regional NSW, and this drops by half to a more affordable $490,842.
Buying a home in the country can mean borrowing less on your home loan. This can help you pay off your mortgage faster than if you’d stayed in the city.
Change of pace
Some people love the hustle and bustle of the city. Others may prefer a quieter, more relaxed pace – where you swap the crowds and traffic for bird song and country walks. If that’s you, moving to the country may give you the lifestyle you’ve been dreaming of.
Then there’s the real sense of community that living in small towns often brings. You can get to know all your neighbours, volunteer at the local school and enjoy being part of a close-knit community.