If you know of someone living in Sydney, who’s looking for a more relaxed lifestyle, you may like to pass on this information… it may be just the incentive they need to make the tree-change to Mudgee or one of our surrounding townships.
You may have read in our blog previously about the NSW state government’s $7,000 regional relocation grant which were introduced last year for homeowners relocating from the city to established homes in regional areas of NSW. The big news now is that the grant also applies to those who want to build a new home as well as those purchasing existing homes. The idea is that the incentive will help boost the NSW construction industry and regional economies.
To be eligible for the grants, those who live in metropolitan areas would need to sell their city home and buy a parcel of vacant land valued up to $450,000, or a completed or off-the-plan home valued up to $600,000 in regional NSW which could be Mudgee, Gulgong, Kandos or one of our other regional townships.
For those who buy vacant land, the foundations must be laid within six months of completion of the land purchase and the home must be occupied as a principal place of residence within 12 months. The city residence can be sold within the 12 months prior to or after the purchase of the regional home.
Your city friends and family may like to do some more research, and can visit www.osr.nsw.gov.au/benefits/rrg/ for more information.
Of course, for local market knowledge and property availability, we’re always happy to chat, so please don’t hesitate to pick up the phone, email, comment on our post, or visit our Professionals Mudgee Real Estate website for property listings in Mudgee and surrounding districts.