Instead of posting the pictures on my last blog post I will include them in this post. Victor and I have set off on this adventure with new vigour. We’ve contacted several banks as well as talked to the local council in the area we are considering purchasing land. We also got some positive comments back on one property that appears to not only be in our budget but also has very sensible covenants.
A Covenant, also called a building scheme, is a restriction placed on a title or a LIM usually with the aim of maintaining the quality of the subdivision and the value of the properties subject to the covenant. These can sometimes be very aggressive with regards to what the purchaser can do with his or her newly acquired land, but most of the time the restrictions are just about what type of house you can put on it and other things like that. I’ve read about one particularly nasty section with covenants which mainly limited the buyer from growing anything on the 5-hectare block except for standard grass. The developer said that even pumpkins were considered “pests” and would become out of control if allowed. Can you imagine having 10 acres of lawn? I can’t… that’s like having your own golf course for a backyard.
Please have a look at this beautiful stretch!
The land is advertised to be 4 hectares (10 acres) in size. It has some extra bits which we think make it a bit more special than the others available in this subdivision. It’s a bit more affordable because the developer believes the included creek and trees are a downside to the property. It does contain a significant drop off on the second level, but that part is fully fenced off and contained so that animals cannot get to it. The trees do make the middle section a bit more damp in the rain, but they made some improvements to the drainage so it won’t cause any issues for stock. The trees are mostly over the creek area which is not somewhere we would build and not somewhere stock would go anyway!
You can’t see how significant the drop off is from these angles, but I will probably get a better shot of it at a later date if we go ahead with the purchase of this property.
The property has deer fencing, and all the paddocks are enclosed. I’ve tried to show you as many shots of the various tiers as I could, but I didn’t go into the upper or lower sections.
So what do you guys think? As always if you like seeing our adventures and you like reading our blog please like, subscribe and share it with your friends so we can continue to bring you content!
Thanks for reading!