Hi Shaun
I didn't do it, but I can definitely see the pros and the cons, based on the experience I had.
On the one hand, I have found over the past few years that I have had so little time to spend with my family, so i'm not sure I would have wanted to live away from them...
But on the other hand, perhaps living away would make you more boundaried with time, and when you did see them, you would spend 'quality' time with them (instead of being in the same house all week but stuck at your computer - like me!).
Not sure that's really helpful, but in anycase, good luck with your decisions
PG