Incentives are being made available to encourage more dwellers in Sydney to move to the bush.
The Regional Relocation (Home Buyers Grant) Amendment Bill 2013 was introduced to Parliament on October 30th in a bid to extend measures encouraging people to move into less urbanised areas of New South Wales.
Under this scheme, a $7,000 grant is available to people aiming to move out of Sydney, Newcastle and Wollongong and this has been extended to include renters.
Additionally, it has introduced a Skilled Regional Relocation measure, where residents in these areas can gain a $10,000 grant for finding employment in more regional areas.
Deputy premier and minister for regional infrastructure and services Andrew Stoner said: "The proposals being put forward are expected to enhance the appeal of regional relocation to a younger, economically active demographic."
Sydney has seen high population growth in recent times and more and more people have been looking to buy property within the city. This increasing demand has resulted in raised house prices in the most expensive city in Australia.
Posted by Steve Douglas
