Let’s face it, moving house is a pain in the bottom. Packing. Cleaning. Changing all your details, Unpacking. Like all things in life, there are pros and cons.
I remember reading an article a while again that said moving to a new house is more stressful than divorce.
Last year, a study by Origin Energy suggested Aussies move house 13 times in their lifetime and the ABS stats show over 40% of us have moved hone in the five years prior to census night.
So why would you put yourself through this stress?
Here are three reasons why people move house
One of the most common reasons is a growing family. When you start out as young couple in love – it is just to two of you and that little villa was perfect. But add a couple of kids into the mix and it becomes a crowded space.
You will probably require more bedrooms and playing room for the kids outside, along with more than one toilet to reduce the line in the morning.
Have your kids flown the coop, leaving rooms in your home vacant? By 2031, there will be more couples without children at home (otherwise known as ’empty nests’) than any other household type in Australia, the ABS predicts. The forecasted amount is 3.5 million people, meaning there will be a lot of Australians with unoccupied areas.
A smaller home can offer a lot of benefits including being easier to look after and maintain, require less heating and cooling, and in most cases, will allow you to take a chunk off your home loan.
You want/need to live in a different location
It would be reasonable to assume that it is getting more difficult to get to places, as Roy Morgan Research asserts that over the last decade, the number of motorists on Australia’s roads has increased by 2.6 million.
Moving to a new suburb can mean you are closer to work, shops, hospitals or living that dream of being near the beach.
Whatever your reasons, make sure you get good advice, so you continue to create your wealthy life.