Search found 3 matches

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Thu May 02, 2019 7:42 pm
Forum: Home Loan Forum
Topic: What issues do you foresee with our application for a bush block?
Replies: 5
Views: 11690

Re: What issues do you foresee with our application for a bush block?

Thanks for the info. so far. Although I won’t be doing extensive farming on the farm however, there will be marginal farm goods and we may sell some of the surpluses in the farmers market.
When is a hobby farm considered incoming producing?
by
Thu May 02, 2019 6:38 pm
Forum: Home Loan Forum
Topic: What issues do you foresee with our application for a bush block?
Replies: 5
Views: 11690

Re: What issues do you foresee with our application for a bush block?

The property features a small orchard, a livestock shed and pastures. I’m hoping to reconstruct the dilapidated dam. Are there any restrictions to the improvements I can make on the block so as not to be considered a commercial farm?
by
Thu May 02, 2019 4:15 pm
Forum: Home Loan Forum
Topic: What issues do you foresee with our application for a bush block?
Replies: 5
Views: 11690

What issues do you foresee with our application for a bush block?

Hi there, I’m interested in purchasing a 25 hectare bush block in the Pillar Valley (2462) NSW. Both I and my wife’s job can be done remotely and I think it would be great for our kids to grow up here. I grew up on a farm so I understand the day to day of small scale farming. The property is listed at $375,000. We’ve been saving up and are ready to put down a $35k deposit plus any closing costs involved. Our combined income is 88k per year. It seems the lenders are quite strict about what kind of property they are willing to approve loans for, so, what issues do you foresee with our application?