All Topics / Help Needed! / Buying an IP on acreage – any issues

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  • Profile photo of goldiesgoldies
    Member
    @goldies
    Join Date: 2010
    Post Count: 115
    June 25, 2010 - 6:22 am

    Hi all,

    Looking at a property on 2.5 acres in Regional NSW, are there any extra things to think about besides land tax and higher council rates and maintenance of the acreage?

    Current tenants willing to stay, been there for 3 years, the acreage is flat and pretty much dirt, not alot of grass to mow. The house itself has new floors, blinds and paint so a few deductions to claim etc

    Price $219k – rent $260 a week

    Thoughts everyone?

    Thanks!

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    June 25, 2010 - 9:55 am

    Land tax, weed control/abatement, feral pest control, soil erosion just to name a few.

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