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Home Loan Variable: 5.20% (5.24%*) • Home Loan Fixed: 5.48% (6.24%*) • Fixed: 5.48% (6.24%*) • Variable: 5.20% (5.24%*) • Investment IO: 5.63% (6.88%*) • Investment PI: 5.58% (6.62%*)

Top tips for buying a rural property

The need for a tree or sea change often sees city dwellers pack up their lives and move to the regional hubs for a change of pace and a chance to slow down.

If you choose to purchase a rural property with substantial land holdings or dip into the world of farming and owning livestock, it is important that you check the property for its inclusions and requirements as well as understand the costs of running a new enterprise.

Your solicitor or conveyancer can also assist you with pointing out any concerns with the property and key considerations when purchasing rural land.

Research the area 

Before making the leap to a rural property, research the area that you are considering relocating to. Check the access to amenities and the facilities that are available. 

Are there supermarkets and schools close to the property or will you need to travel a considerable distance? Is there easy access to medical facilities if you need to use these services on a regular basis? 

Check the utilities

You may find that moving to a rural area means a limit to available utilities that you would be accustomed to in the city and suburbs. Before purchasing your new home, check what utilities are available and accessible at the property.

You may find that the only water available is through tanks, which may require topping up with purchased water in warmer or drought months. Sewerage may also be on a septic system which requires regular maintenance. 

Power, internet, and phone services may also be limited compared to what is available in suburban areas and this should be researched, especially if you require reliable phone and internet for work. 

Take notice of the neighbours

While you may have taken notice of your neighbours while in the suburbs, it is also important to check the neighbours when you are purchasing rural property, especially if you are relocating to a large farming community.

If the neighbours have livestock, will you be comfortable living next to a dairy or beef farm? Or even a sheep farm or one with chicken sheds? Each of these can bring added benefits and challenges.

Check for easements and covenants

As with any property, your solicitor or conveyancer will check for any easements and covenants that the property is subject to and make you aware of the requirements. 

It is imperative to understand that there may be covenants around land access and your neighbours or the local council may require access to a part of your property to access their own properties to move livestock or transport machinery. 

If you have a property subject to mining requirements, you may also find that part of your property will require access from mining companies.

Pests and vermin

Depending on the area and if you are looking to delve into farming, awareness of requirements around pests and vermin in the area may hinge on your final decision.

Many areas will require treatment of certain pests and plant species and you could find that some breeds of animals or plants are not permitted in the local areas as they may create a biohazard to other farmland in the area. 

If you would like to talk to one of our sales agents about the rural properties available and their requirements, contact them today to talk about your next move.

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