Retirement Tree Change

Are there any tips for getting a mortgage with Lifestyle ... All sorts of factors influence a bank’s decision making when it comes to financing small farms.
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If I retire to the country, what costs should I keep in mind?

Naturally, there are costs associated with buying that country retreat - conveyancing, stamp duty and general costs of purchasing (building & pest inspections etc.).

Country properties sometimes also require investment in private infrastructure that requires ongoing maintenance and repairs. Don’t forget…
  • Council rates
  • Water rates, if the property is connected to a town water supply
  • Electricity
  • Gas
  • Garden and general maintenance
  • Land tax, if the property is not your principal place of residence
  • Capital gains tax (if the property is not your principal place of residence)
  • Insurance
  • Envirocycle or septic tank maintenance costs
  • Solar PV power generation maintenance costs
  • Back-up generator maintenance and fuel costs
  • Water pumps
  • Fencing
  • Land care
  • Sheds
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