Land Owners !!! Costs involved....

[spookware]

Greetings from Korea where the Stinger is now for sale.

but I digress,

Im looking at a bit of Australia, roughly 150 acres so the kids can piss off and I can put my feet up in front of a fire. Apart from the normal costs of having land like motorbikes, bang sticks and such

what else can come into the equation.

Fire breaks ? are they something that needs to be done yearly? Do they have a hidden cost?

Fencing ? The property is fenced and I assume it needs to be maintained.

Anything else ? Insurance? rates?

Any help would be appreciated before pull the trigger.

[S85FI]

Planning schemes.

[crabman]

Astronomical rates for not much in return.

[Hurtenstein]

I pay my neighbour in cartons to sort my firebreak.
Then proceed to drink most of them with him.

[waxdass]

Depends where the property is. Southern or Northern?
Keeping sheep to graze down the grass?
Kangaroos in the area? - they fk your fences. Sheep not so much.

Think about bore water and availability (or scheme if your lucky or paying for it already in the land price).
Power at the curb or off-grid solar? (even running a power cable is super expensive dug underground from the nearest meter).

The expense comes depending on the condition/type of land. Obviously flat grassy land won't cost you much maintenance as it's easy to work on.
Trees/rocks and clay soil requires a lot more effort and $$.

Insurance wise - we pay $1100/year that's with farm equipment, big donga, water tanks etc.

[skidkid]

Find out who your neighbours are. Having an ex supreme court judge as one can lead to angry emails

[siladee]

Find out who your neighbours are. Having an ex supreme court judge as one can lead to angry emails

Turns out they dont like skids and they think a backfiring Porsche is a gun. Honest mistake...

[ClevoCapri]

Does it have scheme water?
Bottled gas.
Chainsaws.
Big shed with hoist.

It all adds up!

[heavyduty1340]

Buy it out of Superfund if you can....

[mARC]

Buy it out of Superfund if you can....

This would breach the Sole Purpose test and pretty much damn your SMSF to hell.

If you have an accountant/adviser, that has advised you to purchase a residential property to live out of 'even a commercial property to live out of', within an SMSF environment, I'd suggest you damn them to hell as well.

[fourseven]

Turns out they dont like skids and they think a backfiring Porsche is a gun. Honest mistake...

Tom suddenly became the President of an unnamed outlaw motorcycle club after we tried chopping down a tree branch with shotgun rounds.

Good times.

[spookware]

All good advice.

Fencing is for sheep, not may Kangaroos around

Like the planning requirements. Need to ask.

The land is south, about 5 hours away. No water, no power.

Has shed and Transportable to live in but I doubt it has sewage.

thats all I know.

[random?]

https://image.ibb.co/bGJAc5/f998a36e3d505039d7ebae09c9b9d86fb92601a126a72d7255 53072513f3b59d.jpg (https://imgbb.com/)
bbcode img (https://imgbb.com/)

[S85FI]

All good advice.

Fencing is for sheep, not may Kangaroos around

Like the planning requirements. Need to ask.

The land is south, about 5 hours away. No water, no power.

Has shed and Transportable to live in but I doubt it has sewage.

thats all I know.

Jerramungup?

[heavyduty1340]

This would breach the Sole Purpose test and pretty much damn your SMSF to hell.

If you have an accountant/adviser, that has advised you to purchase a residential property to live out of 'even a commercial property to live out of', within an SMSF environment, I'd suggest you damn them to hell as well.

House is rented out, showing good return..