Haven't Started Yet!

3 posts
Sun, 04/05/2015 - 10:16 #1

Member for

9 years 8 months
Kaz
Last seen: 07/06/2023 - 21:03
Joined: 04/05/2015 - 09:51

Haven't Started Yet!

Hello!

My husband and I are currently looking to purchase a small parcel of land. We used to own land in Taralga but it was too hilly and rock based for it to be useful.

We currently live semi rural on half an acre, we planted a fruit orchard which is giving us some good fruit for ourselves and to share amongst the neighbours however we are hoping to go to a larger scale.

We have our eye on a property which is 40 acres with a dam and full time creek, slightly hilly, cleared and currently has horses and cattle grazing strayed from another local farm possibly. The adjacent property is also for sale which is bigger but doesn't have power connected, only a phone service.

Our concern with this particular property is that it has a road for neighbouring properties running right though it. We plan on garaging motorbikes, machinery and farm tools on the property. The second property doesn't have a road but doesn't have power either.

Our concerns are:

  • *The close by public access road may attract unwanted visitors (this was unfortunately the case on our last property and everything not bolted down went walk-a-bout) or is this a bonus as I can divide the land and lease out one side?
  • *We have savings to purchase the block but are hoping to borrow to afford to build improvements (Shed & septic system), with services connected we are hoping our bank says yes! Has anyone had issues with thier banks not approving money for rural properties/hobby farms/weekender?

Anything else to look for when purchasing a hobby block, I am happy to hear!!

Thankyou!

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Sun, 04/05/2015 - 23:51 #2
barb
Last seen: 09/17/2019 - 18:07
Joined: 11/23/2011 - 09:38

Hi Kaz,

the easement running through the property would be a bit of a concern for me. The horses and cattle grazing there might be because someone in the area has put them on there for a bit of free grazing, or it could be because the fences have breaks in them and need repairs. Something you would need to check up on. Fences are fairly expensive, unless you can do them yourself.

If the stock currently on the block are branded the local stock inpector will probably have a record of who the brands are registered to. The fact that it has a creek running through it can be a bonus but I understand your concerns about the pilfering from passing folk. Perhaps a good watch dog or two would be handy and padlocking the front gate, especially when you are out would help.

 

What are the regulations in your state about using water from the creek? Can you get a licence to pump from it or is it only permitted that your live stock can drink from it?

 

I have no idea how much it would cost to have the power put on, but what, apart from that and it's size, would be the advantage of the block next door? Does it also have an easement running through it, and are the fences in good condition? These are just a few thoughts off the top of my head.

 

Good luck with your search for a new property, I hope it all works out well for you.

 

Cheers,

Barb

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Tue, 04/07/2015 - 15:52 #3
Kaz
Last seen: 07/06/2023 - 21:03
Joined: 04/05/2015 - 09:51
Thanks Barb. Decided against both properties. Access to the larger block was not "official" and the road through the smaller block just isn't what we want. Off to Cowra on the weekend to look at a few more!
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