Moving for a better quality of life.

Discussion in 'Investor Psychology & Mindset' started by Serveman, 12th Jul, 2017.

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  1. Serveman

    Serveman Well-Known Member

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    While I know this is forum on property investment I was wondering how many of you have thought about living where you thought had better future prospects in terms of quality in life, the work life balance, natural beauty, nice weather etc.
    I say this because many people will say that population growth and jobs are some of the major drivers for price increases hence why Sydney and Melbourne have had so much demand from overseas and local buyers. However with all the development happening in these cities there may come a time when it will all get very over populated, with traffic congestion and increased stress, social problems and crime.
    Having to deal with all these problems are you thinking that in the future places like Hobart, Adelaide and the regionals with their lower population growth may offer a better life. I'm interested in knowing what people's thoughts are.
     
  2. MTR

    MTR Well-Known Member

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    I hear you.

    My thoughts, what about family and friends, how will this impact on you, your partner if you relocate??? Will it be relatively easy to secure a job?

    On the flip side it could be a great opportunity, better lifestyle, cheaper housing, more money, meet new people etc etc I guess its a matter of doing more homework. Don't know your scenario but I would also look at schools, weather, everything, leave no stone unturned:).
     
    Last edited: 12th Jul, 2017
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  3. Blacky

    Blacky Well-Known Member

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    I have moved regularly.
    Few people know that I actually grew up in Perth. I left when I was 15, and in the last 20years have lived in Perth for only about 2 years.

    My initial move was to the country. SW and Mid west WA, and after that I moved extensively through WA. I have lived in Albany, Bunbury, Narrorgin, Northam, Geraldton and Broome - and have stayed in many more towns between Essperance and Carnarvon.
    After living in Perth for 2years, I took a job overseas, and have been away for 10 years now. We currently live in Bali.

    I dont understand the desire to live in a city. A decent regional offers many of the same services, all much closer to home, and regularly within walking/riding distance. Everything is accessble within minutes.
    Living in a regional, you quickly get into the habit of timing everything to specific minutes (eg, I am 7mintues from work). If you had to travel for more than 13minutes, you would consider weather or not it was neccessary to go :p
    As a diver/fisherman, I was able to go for a dive before work. Spend 3-4hours diving, and make it to the office by 9am.

    In my opinion country living provides a much better lifestyle/work life balance than city living.

    Blacky
     
  4. hammer

    hammer Well-Known Member

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    I reckon it's all about jobs and family. The people who move around a lot are in the minority I find. Even skilled pros who get into regional centres often leave after a few years to be closer to parents/friends etc.

    OP has a point and I totally agree with @Blacky but I need a job to go to, something to do.

    In a lot of regionals that is hard to achieve. There is often limited or no work..That's why the big cities keep getting bigger.
     
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  5. MTR

    MTR Well-Known Member

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    [

    Good points

    I have gone the opposite, now living in Atlanta most of the year and the population is the size of Sydney.

    I find the lifestyle amazing, it is so cheap, food, accommodation etc. and lots to do, its a vibrant city. Traffic is a pain in the arse though.

    MTR:)
     
  6. SeafordSunshine

    SeafordSunshine Well-Known Member

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    Life stages.
    Depends on which life stage.
    I move around for the adventure, and made friends along the way!
    You learn to create support structures around you!
    Part of the adventure!
     
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  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Give it a go OP - I know it's cliche but we only get one crack at this existence so if it's something you're seriously considering then try it out.

    Look to rent first - and if you have a ppor in your current city rent it out.

    If it doesn't work out - move back to your home when the tenancy expires. You can always return back :)

    Cheers

    Jamie
     
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  8. gman65

    gman65 Well-Known Member

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    Eh? That time came long ago for those cities.. Only need to step foot into another city in Australia to see that.
     
  9. Magoo

    Magoo Well-Known Member

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    Just do it. I move regularly and find it both refreshing and stimulating. Majority of my family and friends do the picket fence thing which I respect, but it's not for me. You'll never know until you go!
     
  10. datto

    datto Well-Known Member

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    Yes, interesting.

    I have always thought about buying a few hundred acres somewhere remote and living in a tree.

    Getting back to nature sort of thing. Or maybe getting back at nature.

    Find a nice strong limb and build an abode on it.

    If there's a storm you an always sleep in the car,

    [​IMG]

    Better scrap that idea lol.
     
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  11. Serveman

    Serveman Well-Known Member

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    You may be right but you may get trampledin one of those outer metro suburbs when Sydney and Melbourne hit 10 million as people will be living on top of each other like termites
     
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  12. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    we left Sydney 10 yrs ago and have not regretted it for all the reasons described above. Each time I come back to see family I hear this list being rehashed by the family members still living there who obviously question their decision to stay regularly but are too fixed to have ever actually moved. I think later in life people regret the decisions not made, the risks not taken but status quo bias seems to keep people locked into whatever norms and habits they have already developed and embracing change seems rare because the perceived gain must be 2-3 times the perceived loss to make it happen. I personally think this is sad and encourage people to be brave and have a go more often.
     
    Last edited: 12th Jul, 2017
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  13. Big Lez

    Big Lez Well-Known Member

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    Having lived in Sydney all my life, I'm starting to get a bit fed up due to similar reasons stated in the OP's post.

    I recently purchased a house several hundred metres away from the the beach and shops and only 2 hours south of Sydney for a pretty cheap price (dirt cheap compared to Sydney). My plan is to rent the house out for a few years, but eventually, I will move down there and try and run my own consulting business from home.
     
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  14. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    nice...where u at Big lez?
     
  15. Big Lez

    Big Lez Well-Known Member

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    Culburra Beach
     
  16. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    terrible spot :) enjoy. If you ever want a coffee let me know I am around a bit for friends and clients.
     
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  17. Big Lez

    Big Lez Well-Known Member

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    I will let you know.
     
  18. Ted Varrick

    Ted Varrick Well-Known Member

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    Be careful though, as local undesirables may start throwing bananas at you, as you are trying to relax in your tree, given it takes a lot of time to become a "local".

    Furthermore, you and your tree might be blocking their water views, a crime to which murder is subservient...
     
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  19. Serveman

    Serveman Well-Known Member

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    True, you may have a point there.
     
  20. Blacky

    Blacky Well-Known Member

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    Friends (and family) are the usual excuses (reasons) not to move. However, the truth is the opposite. You actually have more friends by leaving town. You make friends as you go and 'add' them to your list. Yet... good friends dont disappear (and neither does family).
    My friends are scattered throughout the world. Its rare for me now to travel to a country, and not touch base with somone to catch up because Im 'in town'.

    I agree that depending on the sector you work, smaller regionals my not have the requirement for skills you have, however, flexibility is key. I worked in Agriculture and moved into finance, and Im now in Oil and Gas, so never experienced a lack of work. I usually find work before I leave - but not always.

    A lot of people move to a regional, then moan about it - which is easy to do. However, a place is what you make of it. Some of the smallest places I have been to have been (and remain) my favorites - simply from a lifestyle perspective.
    It takes some time (up to 2years in some cases) to 'settle' into a place, and it is harder if you arent working (eg - non-working spouse), as work is a natural 'social' point.
    You just need to get into the community and make the most of it. Do what you enjoy - but also generally dont say no to any opportunity to socialise - especially in the begining.

    Ive learned a lot.
    1) a place is what you make of it. Ive been to some pretty 'horrible' off the chart places - some of which are actually the best places to be.
    2) Home never really changes.
    3) If you really dont like it - you can always move
    4) once you have moved once, it gets a bit easier. Some people think moving house is hard. We move countries on the flip of a coin. Yes, it takes some work, things go wrong but you look back and smile.. and laugh and laugh and laugh.
    5) Im not sure how many cities I have been to. Maybe 30? Anyway, after a while they are hard to distinguish (someone please link the song "every F***** city), they really are all the same.
    6) Staying at home is easy. However, once you have left... its hard to consider living that life again.
    6) 'Traveling to', and 'living in', are NOT the same thing. Holiday destinations are often really great places to holiday to...
    7) Yes - you will miss people. You will miss 'home', and you will (probably/most likely) return one day. However, it is then a choice you make. You know whats there, and you know what is 'out there'. If you never leave, you can never be really sure about what is really 'out there'
    8) You never know if you never go.

    Blacky
     
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