How Much Does it Cost to Move from Metropolitan Areas to Regional Areas?
If you’re thinking of moving to a more affordable locale, you may be wondering how much it will cost to move to regional areas. This article will help you understand the factors that go into deciding to leave a high-cost metropolitan area. Hopefully, this will help you make a decision that is right for you.
Migration out of high-cost metro areas
The migration out of high-cost metro areas to regional and lower-cost areas is increasing. In recent years, the number of people moving from large metro areas to low-cost regional and lower-cost areas has increased dramatically. These migration flows are particularly high in Melbourne, Sydney and Brisbane. And the influx of people in these regions isn’t limited to young professionals; those with families and school-aged children have also increased significantly.
In addition to the general trend, a new data brief shows that migration has increased in six metro areas in recent months compared to the same period in the previous two years. These migrations may not be as large as the ones observed earlier in the last decade, but they may be significant enough to help regional areas expand their workforces.
Transportation costs
Moving from a metropolitan area to a regional one has many advantages, but it also has its drawbacks. People who live in the suburbs spend more money on public transportation and on car ownership. Suburbanites spend the most on transportation overall, and they may have to spend more on their vehicles if they live in a rural area. In addition, country dwellers may be further from their workplace, doctor’s office, and children’s school.
In recent years, there has been a shift away from large metropolitan areas. The data from the ABS reveals a net migration trend away from the major metro areas. The trend was first seen during the previous expansion, but has accelerated since the last few years. The data indicates a shift away from big cities into more regional locales.
Housing costs
People have been drawn to these areas for a number of reasons, including a change in lifestyle, job opportunities and more affordable housing. Rising housing costs can put many people off and are especially detrimental to younger people, those with low incomes, and families looking to buy their first home. Housing costs continue to grow at a faster rate than wages and due to inflation, costs have become even wider in recent years.
Costs of Moving to Regional
Deciding to make a move long distance is not an easy decision however there are hundreds if not thousands all across Australia who make this journey each and every year. The costs of making a move long distance whether it be interstate or somewhere regional within your exisiting state can really depend on a number of factors. The distance to be traveled, the amount of furniture required to be moved, whether you require full service direct door to door or you don’t mind a backload trucking company that shares truck space with others and the urgency of the move also is important. A simple one bedroom house move to regional can cost upwards of $2000 whilst a 4 bedrrom house full of furniture can cost anything between $5000 to $15,000. Moving costs can differ from company to company, so it is a good idea to get a few different quotes from Melbourne removalists or Sydney, Brisbane moving companies where ever you are based to ensure moving to regional is affordable and is what you want to do.