Working Farms

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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What’s important when buying larger farms?

If you’re thinking about buying a full-scale working farm, consider these factors…
  • You’ll need to understand local planning guidelines concerning zoning, permitted uses, animals, land care (controlling noxious weeds & pests). The local council will be able to clarify your questions
  • Check fences, sheds, water pumps, dams, drains, bores, irrigation, water supply, tanks, house and general infrastructure meets your needs and ascertain whether they have council approval
  • Soil and water – do they meet your required standard or need further tests?
  • Markets – will you need to transport livestock or produce to markets? Consider the distance and costs involved
  • Be realistic about your knowledge and skill set
  • Weeds and pest infestations can be expensive to eradicate. Check neighbouring properties, access roads, adjoining state forests and water sources. Ask an agronomist if you have concerns before buying a rural real estate or a farm.
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