Buying acreage

Thinking of buying some land and living in the country? There's a lot to look at when buying acreage.

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If you’re tired of the fast pace and stress of life in a big city or town, the idea of packing up and moving to somewhere with plenty of wide open spaces is very appealing. Thousands of Aussies make a tree change each year, leaving city living behind and buying acreage to live on.

But before you pack up your old life and head for the hills, consider all the pros and cons of owning acreage to decide whether life on a property is right for you.

What is an acreage?

Acreage vs regular block of landIt can be hard to get a concept of just how big some country properties are until you see them in person. To put things in perspective, 1 acre is equal to 4,047 square metres (or 43,650 square feet or 0.4047 hectares if you prefer other measurements).

So even a five-acre property is more than 20,000 square metres in size. Compare that to the average block size in Australia of around 200–350 square metres, and you begin to get an idea of how big an acreage actually is.

As a result, you will usually find properties of this size in rural areas of Australia, or on the very outskirts of major cities.

Compare your mortgage options now

Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Westpac Fixed Option Home Loan Premier Advantage Package
3.48% p.a.
$395 p.a.
Up to $3,000 refinance cashback.
Lock in a low fixed rate for 2 years and buy your home with a 5% deposit. Eligible borrowers refinancing $250,000 or more can get up to $3,000 cashback. Other conditions apply.
UBank UHomeLoan Fixed
2.31% p.a.
$0 p.a.
Limited time offer.
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees. Apply by 30 June 2021 and settle within 90 days to get this low rate.
St.George Fixed Rate Advantage Package
3.40% p.a.
$395 p.a.
Up to $4,000 refinance cashback
Borrowers with 20% deposits or equity can get this competitive fixed rate loan. Refinancers borrowing $250,000 or more can get up to $4,000 cashback (Other terms, conditions and exclusions apply).
Athena Variable Home  Loan
1.99% p.a.
$0 p.a.
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.
HSBC Fixed Rate Home Loan Package
2.86% p.a.
$390 p.a.
$3,288 refinance cashback offer
Lock in a low fixed rate for 2 years and buy your home with a 20% deposit. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.