8 Tips for Planning a Seachange or Treechange Property Purchase in Australia

8 Tips for Planning a Seachange or Treechange Property Purchase in Australia

Australians living in Covid-19-affected metropolitan centers are increasingly choosing to abandon city life and instead opting for a “seachange” or “treechange” move to a more rural area. But, what’s the best way to plan for this kind of move, and is it really a great idea?

 

There’s nothing like living through a global pandemic to encourage people to reassess their lives, where they live, and how they live. For many Australians, particularly Melburnians and Sydneysiders, 2021 has been a year of lockdowns due to the global Covid-19 pandemic. With remote working options becoming increasingly common, the pull of the “simple country life” has never felt so strong. But, as with any big move, it’s important to be realistic and to plan your move carefully. Just because you enjoy a treechange or seachange destination for a holiday, doesn’t mean you’re ready to move there permanently. Here are 8 tips for planning to buy a property for your seachange or treechange.

#1 Slow down

Moving from a suburban area to a rural one is a big change. It’s important not to rush your decisions and to take your time so that you can be sure that a seachange or treechange really is the right move for you. It’s easy to fall into the trap of dreaming of idyllic country life, but the reality can be a lot more challenging.

The property inspection process can be difficult to do remotely, but it’s important to try to be thorough when it comes to inspections. Never buy a property after just one inspection and if it’s possible to visit in person that will give you a much better idea of the property than if you rely on remote viewing. Don’t forget that buying a plane ticket is a lot cheaper than a property if you rush into purchasing and then realize that you’ve made a mistake.

#2 Plan and research

When it comes to buying a property, the more research, and planning that you do, the better! Take your time and think about why you want to embark on a treechange or seachange, and what you might miss out on if you live in a rural area. Try to control your spontaneity and take a more critical approach. Investigate the employment opportunities in the area as well as access to healthcare and public transport. If you have children, consider whether the schools in the area are suitable and easy for students to get to on their own, as well as looking at where other students are traveling from, to get a gauge on whether their friends are likely to live nearby.

There are many lifestyle elements available to people living in suburban environments that might not be so accessible in a rural setting. When considering an area, think about whether you would be a long way from shops, movies, restaurants, gyms, or sports stadiums. Would you find it difficult having to travel to visit old friends or family members?

#3 Are you choosing the right home in the right area?

Before you can choose the right home to buy, you have to choose the right area and the best locations within that area. Don’t forget that with most townships, there are areas that are more desirable than others so it’s important to get to know an area well enough to be able to assess the best pockets to look for a Property Conveyancing Brisbane. Depending on what location you choose within an area it may affect school catchment zones, your local shopping district, public transport access, and even broadband speeds.

Consider whether it’s going to be a better idea to rent for a while in the area before you commit to buying a property. Many people opting for a treechange or seachange end up finding that rural life isn’t to their liking and moving back to the suburbs, so choosing to rent a property when you first move to an area can be a great way to try before you buy.

#4 Visit the area with a critical eye

Many people looking for a treechange or seachange move focus on a location that they have been to for a holiday, but it’s important to acknowledge that a holiday destination won’t necessarily feel like a holiday if you make it your permanent home. Try to make sure that you visit your chosen location at different times of the year and in different seasons to get a sense of what living there would really be like without the bustling vibrancy of the peak tourist season.

Speak with a local real estate agent to get an idea of local Property Conveyancing Melbourne values and try to resist rushing into buying right away. Investigate local crime statistics to see whether certain areas within your chosen location are safer than others. Speak with the locals to get a feel for what daily life would be like and whether there’s anything about suburban life that you would miss.

#5 What can you afford?

You might feel passionate and excited about the idea of a seachange or treechange move, but it’s important to thoroughly consider your finances to assess how much you can afford to spend on a property. Try to be wary of the risks of selling in a stronger market because capital growth in regional areas is not nearly as reliable.

#6 Ensure that you get expert advice

Expert advice is crucial when it comes to buying property. Don’t be afraid of asking silly questions. The old scout motto “Be Prepared” is perfectly apt when it comes to purchasing real estate, preparation can help you to avoid disaster. Speak with local real estate agents or consider engaging a buyer’s advocate. As part of buying a property, you’ll need to arrange a building and pest inspection and hire a reliable property conveyancer to assist you with navigating the complex legal requirements associated with a real estate purchase. Jim’s Property Conveyancing is a longstanding trusted Australian business that has offices in Conveyancing Melbourne and Conveyancing Brisbane. If you’re considering a treechange or seachange property purchase, phone 13 15 46 for expert legal assistance.

#7 Be prepared that owning a large tract of land can be a lot of work

Owning a lot of lands can be a lot of work! Be prepared that if you buy a large property you may find the upkeep and management of the land onerous. If you plan to keep animals or grow an extensive garden be prepared for all the work that you will need to do to maintain the land and care for the animals. Take into account any maintenance costs that you will incur and any regulations around keeping animals.

#8 Plan for the future

A tree change or sea change move might be the right decision for you in this particular moment, but will it still suit you years from now? It’s important to consider whether the area that you’re considering moving to has the right facilities for your future life there. For instance, if you’re moving to an area and plan to have children, you will need to consider educational and childcare options, and if you’re moving to an area for your retirement, you might need to think about healthcare facilities and recreational options.

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