Regional Living - Leaving Expensive Cities in Favour of Smaller Towns
Regional living is becoming increasingly popular as people consider leaving the big cities behind.
Between the traffic, general hustle and bustle - and being priced out of the housing market, people are looking for change.
Bring on the supportive communities, shorter commute times, relaxed lifestyle and more quality time with loved ones!
These are just some of the reasons why people are moving to regional towns.
Let’s dive in to see what makes people move to Dubbo.
Job opportunities currently better in the regions
Employment is often the biggest concern for people looking to relocate.
It might come as a surprise - but job opportunities are currently better in the regions than in the big cities. This is confirmed by the trend of moving to regional cities like Dubbo growing, year on year.
The COVID19 pandemic has seen six industries experience growth, including in the agriculture, finance and public service sectors. These jobs are heavily clustered in the regions and often have twice as high of a share of its population in those industries.
With improvements in technology and more people working from home, a tree change could be the answer to finding that work-life balance we’ve all been looking for.
Employees don't have to be tied to a desk in the inner city and COVID has really brought that to light.
Demographic changes impacting on regional living
While a move to regional Australia is often associated with retirees, this is no longer the case.
Regional towns like Dubbo are also expected to boom on the back of the millennials who have been procrastinating on partnering up, on marriage and their first home purchase.
These people are now ready to settle down and start a family. This means the big millennial generation that is heavily clustered in the inner city suburbs of Melbourne, Sydney and Brisbane are now seeking a family sized home.
These homes are nearly impossible to afford in the inner or middle suburbs of the big cities.
A Regional Australia Institute report that came out in June gives a good picture about what's going on with people moving around the country and some of the findings might surprise you.
Overall Sydney, Melbourne and Adelaide lost more residents to the regions than they gained, with the biggest shift being seen in Sydney.
From 2011-2016, Sydney has been losing 20K-25K more people to other parts of Australia than it has been gaining.
Regional living scores highly on community efforts
According to Deloitte's Global Millennial Survey, many millennials (46%) are more concerned about living a meaningful and fulfilling life focused on making an impact in their community.
The pandemic has also brought about an even stronger sense of individual responsibility.
Nearly three-fourths surveyed said the pandemic has made them more sympathetic toward others’ needs - and that they intend to take actions to have a positive impact on their communities.
Along with the growing job prospects in the health and social assistance sector, regional cities score highly on community and volunteering efforts.
So if being part of a community is important to you, Delroy Park Estate in Dubbo has got exactly what you’re looking for.
Affordable housing is part of regional living
Sydney has become the third least affordable city in the world to live in. The Financial Services Royal Commission has made obtaining a home loan more challenging, while borrowing capacity for first home buyers has been reduced.
The good news is, Dubbo is still affordable and is showing great potential for growth. The dynamic and vibrant regional centre is supported by quality infrastructure, diverse industry and significant growth opportunities.
The strategic location as a major hub in Central NSW has ensured it has remained at the forefront of regional growth, investment and opportunity.
The median property prices in Dubbo are sitting at $329,000. Compare this to the median house price in Sydney - rising to $873,000 in 2020.
It is no wonder that more and more people are moving to the regions - and inner city sales have been down 20 to 30%.
Buying in Delroy Park Estate
Have you always dreamed of moving to the country? Escaping the city stress to improve all aspects of your life including your health and finances? Or maybe you have only started considering it now.
Dubbo is a growing regional centre with the largest population in the Orana region and therefore an ideal place for your first home.
Our community enjoys the very best of both worlds. With enviable locations within minutes of the CBD, major shopping centres, sporting facilities and schools, you are not only buying a house or a piece of land, but a home in the Dubbo Region’s most welcoming community.
To find out more about the reasons to buy in Delroy Park Estate, download “Your Guide To Buying And Living In Delroy Park”.
Or if you are ready to talk about next steps, get in touch.