Decentralisation is arguably part of the solution for housing affordability. But there are some arguments against this.
Some cases for the negative are that you’ll need to move away from family and friends; or questionable employment prospects in the new location.
But not everyone who grew up up in a once affordable area, can afford to stay there. This is not a new problem, but the size of it is. Paradoxically, the more expensive your suburb, the more likely you are a white collar worker who can work from a laptop, and potentially from anywhere.
If you decide to stay in your highly sought after suburb, then increasing dwelling densities, choking roads and the growing cost of living in your area, might not necessarily deliver the same lifestyle to your children that you grew up with yourself. It also might not deliver the lifestyle that you were expecting in retirement if you can’t afford your own home there now.
So for first home buyers who can’t afford to live where they grew up, and don’t want to be renting in retirement, here’s a link to Australia’s top 50 towns by population, with some of them being commutable, or at least an easy weekend drive to a capital city.
Who wouldn’t rather wake up to grape vines, than traffic congested street and pollution?
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