More incentive to go bush
More incentive to go bush
Posted on Thursday, October 31 2013 at 1:59 PM
A program that aims to encourage city slickers to relocate to the bush in New South Wales will be expanded, the government has announced.
The Regional Relocation (Home Buyers Grand) Amendment Bill 2013
was introduced to Parliament yesterday, following an extensive review of the
state’s long-running decentralisation program.
A $7000 cash grant to assist in relocating
to strategic regional areas will become available to more people, with
eligibility now open to long-term renters in metropolitan Sydney, Newcastle and
Wollongong.
“Expansion of the Regional Relocation Grant
will support efforts to ease Sydney’s tight rental market and help to boost
population growth in regional areas,” Deputy Premier Andrew Stoner says.
The legislative amendments will also lead to
the introduction of a new Skilled
Regional Relocation Incentive of $10,000 to encourage people to
move from Sydney, Newcastle and Wollongong to take up employment in regional
NSW.
“The proposals being put forward are
expected to enhance the appeal of regional relocation to a younger,
economically active demographic,” he says.
“Long-term metropolitan renters looking to
relocate to purchase a home in regional NSW or those relocating for employment
will be able to apply for either grant, subject to meeting all the eligibility
criteria, including a minimum distance requirement of 100km for the relocation,
applicable for both grants.”
The new Skilled Regional Relocation Incentive
will be awarded to eligible applicants in two equal parts, with the first
payment triggered three months after the start of employment in the regional
area, and the second to be available one year later.
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