More than 68% of Australians live in metropolitan areas with the remainder residing in regional or remote areas. In an effort to promote more developments in regional areas, various states have implemented unique home buyer grants that will help home buyers out financially. In New South Wales, the Regional Relocation Act currently offers the Skilled Regional Relocation Incentive. If you would like a change of scenery from the bustling city and work in a skilled professional, here's what you will need to know.
What Is The Skilled Regional Relocation Incentive?
Those who have been employed in a skilled position for at least 3 months and have moved from the major cities to a regional area for the sake of employment are entitled to receive a $10,000 grant. This grant is paid in two equal installments that are at least 12 months apart, and will be paid by direct deposit into one's bank account. Applications for this grant will close on March 31, 2015, although there are speculations that other similar grants may be available afterwards.
Who Is Eligible?
To encourage development in regional areas, the requirements to qualify for this incentive are quite slack; however, you may want to speak with a professional when submitting the application to make sure that there are no errors. To be eligible for the Skilled Regional Relocation Incentive, you will have to:
- have commenced employment either on or after January 1, 2014 and before March 31, 2015.
- be an Australian citizen or a permanent resident.
- be employed for at least 2 years.
- have relocated to a regional area.
How Can An Individual Apply For This Grant?
To apply for this grant, individuals can file an application online or fill in the Regional Relocation Application Form and send it in to the main office or headquarters. On top of providing your personal details, you will also need to attach a copy of one of the following sets of documents:
- Australian birth certificate and photograph ID
- Australian passport
- Foreign passport and visa
- Citizenship certificate and photograph ID
- Gas bill or electric bill of the old place of residence and the new place of residence
Generally speaking, your buyer's advocate would be more than happy to fill in and submit all of the paperwork needed for you to receive the grant money.
If you have been thinking of changing scenery and enjoying the quiet of the countryside, then take advantage of the Skilled Regional Relocation Incentive. With an extra $10,000, you could easily upgrade your home and make all of the renovations that you have been dreaming of. There are no rules on how the incentive must be spent. Consult with a buyer's advocate like WBP Property Group for more details when looking for a place of residence in a regional area.