Fancy being paid €5,000 to leave town?

Sydney homeowners are being offered AUS$7,000 to sell up and relocate outside the city.

Jun 29th 2011, 1:39 PM 1,139 Views 27 Comments

Image: Graeme Atkinson/Press Association Images

SICK OF city living? Would you like to move to the country, and have the government cover the moving costs?

Homeowners in Sydney are being offered AUS$7,000 (€5,100) to sell their homes and leave the congested city.

The one-off grant aims to encourage people to leave Sydney, Newcastle and Wollongong to relocate in regional New South Wales, according to the Sydney Morning Herald.

Under the four-year scheme, which starts on Friday, 40,000 grants will be made available on the condition that applicants do not spend more than €442,000 when buying their new house. Applicants must also have lived in their city home for at least a year before signing up for a new home. The New South Wales government has posted a list of eligibility criteria online.

However, Wollongong MP Norren Hay has criticised a loophole in the plan which would allow people living in certain areas to simply move across the road to avail of the grant.

Read Alexandra Smith’s report in full in the Sydney Morning Herald >

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Susan Ryan

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Fancy being paid €5,000 to leave town?

Sydney homeowners are being offered AUS$7,000 to sell up and relocate outside the city.