If you are concerned about the cost of moving and living rurally, you may be surprised to learn that it is actually significantly cheaper to live in a rural town than in the big cities.
Food is often sold by local farmers in your community, and houses in regional areas cost a fraction of what they do in metropolitan areas. Earning potential in rural area is also much higher in rural areas! This gives you the ability to set yourself up financially for if or when you decide to move metro in the future.
The combined regional average house price in Australia is $355,000, compared to the capital cities average of $656,000.
Additionally, the growth of housing prices in regional New South Wales outstripped Sydney price growth in 2017 which means that you will be making a better investment moving to a regional area than if you were to move to a metro location.
Depending on which rural community you live in, often you will find much cheaper and higher quality food being sold by your neighbours, at weekly farmers markets. For example, the local Pottsville Markets, in NSW sells produce such as tomatoes for $2 a kilo, as opposed to the $3 or $4 you would otherwise be spending at a larger supermarket.
For your other needs, you will have a supermarket such as Coles, Woolworths or Aldi within driving distance.
There is also the potential to earn a lot more in Rural areas. This is for a number of reasons:
- As there is a shortage of doctors in rural locations, you will have less competition and access to a wider range and number of patients. As a result, you will have a higher number of patients to see, and potentially a larger amount of billings.
- Many rural locations have mixed billing clinics as opposed to bulk billing. For example, Glen Innes in NSW does not have a single bulk-billing clinic. Many Doctors see mixed billing as a way to spend more time with patients, and earn the same as in a bulk billing clinic. The benefit of mixed billing is that you can choose who you’re privately and bulk billing.
- There is a wider range of medical concerns such as chronic health and mental illness in rural locations. You will also have the opportunity to work in a VMO capacity or even get regular shifts at the local hospital meaninging increased earning potential.
Living and working rurally gives you the opportunity to set down roots in a financially stable community or save up enough money in order to be able to afford or pay off a home in a metropolitan area later on in your life- it isn’t more expensive at all!
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People Medical Consulting are a team of professionals with a passion for guiding those specialising in the Medical industry to find their career pathway and settle into Australia. Working with both Australian trained and Overseas trained professionals, we have extensive experience in Recruitment of General Practitioners and Document Assistance for those requiring support with RACGP, AHPRA, 19AA and 19AB Medicare Exemptions.