Lifestyle farm - beginners tips

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Shaka's picture
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Last seen: 2 months 2 weeks ago
Joined: 26/04/2018 - 6:59am
Lifestyle farm - beginners tips

Hi guys,

I am looking at purchasing a piece of land, about 3 or 4 hours out of Sydney as part of a retirement investment (for use when we retire in however many years it takes).

Not that pushed in terms of size but want something at least 10acres.

I am a total newbie to this and also was born and raised in South Africa, so do not fully understand any local rules, or laws.

I am hoping this forum can help enlighten me on a few things:

1. What are the running costs of a lifestyle farm? So I know this depends on size and what buildings may be on the land, but are their any legal requirements to maintain land, cut grass or cut back trees etc? I will only be visiting as an escape from city life so won’t be there regularly.

2. How much does it cost to put a cottage on a piece of land, something simple like a 2 or 3 bed. Just looking for a range so that I have a better idea? Also how long does it take to put something up?

3. What is security like out in the country? If we had a building which we visited once every two months, would it be OK left there?

4. Any other starter tips or advice is very much welcomed!!?

Thanks all!

Shaka

charlie's picture
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Last seen: 2 months 3 weeks ago
Joined: 31/05/2011 - 9:44am

Hi Shaka,
Welcome to the small farms forum, pleased to have you as part of the community.
Regarding answers to your questions:
1) The running costly will largely depend on what you are doing with the land, your fixed costs such as rates, insurance will remain the same. As a land owner you have a legal obligation to control noxious weeds and ensure the farm has adequate strategies in place and equipment to control a bush fire. To keep in good with your neighbours it is a good idea to keep the grass slashed and the farm generally clean and tidy.
2) Probably best to contact a local builder or somewhere that does kit homes.
3) Security in the country is getting worse with crime on the increase due to isolation and absentee owners. At a minimum I would look at putting in motion detection cameras to keep an eye on your farm whilst you are not around.
I hope this has been of assistance and I look forward to hearing how your farming journey progresses.
Regards,
Charlie

Shaka's picture
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Last seen: 2 months 2 weeks ago
Joined: 26/04/2018 - 6:59am

Thanks Charlie!

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