If a rural property is on your wish list, there are some important things to consider before splashing the cash. Andrew Winter fills us in on the negatives.
While many people dream of a quiet life in the countryside, there are a number of factors to consider before you take the plunge.
- Firstly, don’t assume living in the countryside is all about tranquility and tweeting birds.
- Farming is an industry that often involves loud machinery, so don’t buy next to a commercial farming operation if you’re looking for peace and quiet!
- Not all rural areas have easy access to facilities, so do your research thoroughly. The last thing you want is to find you’re driving hours each day to work, schools and shops, leaving virtually no time left to enjoy the serenity and beauty around you.
- Future development can adversely affect the value of your property. As rural land is rezoned for housing, flocks of sheep are making way for blocks of people.
- Australia's sheep population has actually halved since 1990, so check local authority plans if you don't want to get fleeced when it comes time to sell!
- Finally, be aware that property in rural locations can take literally years to sell. So think carefully about your future plans…. if you’re not in it for the long haul this might not be the right choice for you.
- City dwellers should look for rural areas no more than 50 kms from a large town centre, especially if you need to travel to work. Better still is the “rent, try, buy” approach. Unlike our capital cities, the rural property market isn’t booming, so you can afford to spend a bit of time trying it out for size while you decide if country living is really for you.