If last weekend’s Murrumbateman Field Day sparked thoughts of country living, more space and a little more freedom, why not explore what’s possible?
For many Canberra families and professionals, Murrumbateman offers an appealing lifestyle change without leaving the city behind completely. Think spacious homes, a welcoming community, local wineries, an excellent primary school, and room to enjoy the things that matter most.
And here’s some good news: buying a home on acreage doesn’t necessarily mean you need a specialised rural or farming loan. In many cases, a property designed primarily for residential living can be financed with a standard home loan.
At Dream Catchers Lending, we can help you understand your options and take practical steps towards making your tree-change dream a reality.
Imagine more space, without moving too far away
Picture a spacious four-bedroom home on several acres, with multiple living areas, an inviting outdoor entertaining space and plenty of room for gardens, hobbies and family activities.
Perhaps you’ve been dreaming of a bigger backyard for the kids, space to entertain friends, a few chickens or simply the peace and quiet that comes with country living.
There are also added plusses to look out for when exploring acreage properties. Freehold ownership means owning the land itself. And a property with its own bore can also be an attractive feature, potentially providing an additional water source for gardens and outdoor use.
Murrumbateman brings these lifestyle benefits together with a welcoming village atmosphere, local wineries and amenities, while Canberra remains accessible for work, shopping and family commitments.
A move like this could offer the best of both worlds — and it may be more achievable than you think.
Do you need a special rural property loan?
Not necessarily!
One common misconception is that buying a property on several acres requires a rural, agricultural or farming loan. That isn't always the case.
If the property is primarily a residential home, has suitable access and services, and meets the lender’s property requirements, a standard residential home loan may be an option.
The important distinction is how the property will be used and how the lender assesses it. A lifestyle property with a family home is different from a commercial farming operation, and the appropriate finance will depend on the property's characteristics and your circumstances.
The takeaway? Don't rule out acreage living because you assume the finance will be complicated. There may be more options available to you than you realise.
Three steps to prepare for your acreage purchase
1. Understand your borrowing capacity
Before you start seriously searching, find out how much you may be able to borrow. Your income, existing debts, living expenses, deposit and financial commitments will all help determine your borrowing capacity.
Having a clear budget can make your property search more focused and give you greater confidence when the right home comes along.
2. Budget for the whole lifestyle
Beyond your deposit and purchase costs, consider ongoing expenses such as property maintenance, fencing, gardens, water systems and general upkeep. Planning for these costs upfront helps you enjoy the benefits of acreage living while keeping your finances comfortable.
3. Explore your home loan options early
Different lenders have different property requirements. Factors such as land size, location, access, services and intended use may influence their assessment.
A mortgage broker can help you identify suitable lenders, understand their criteria and compare available home loan options before you commit to a purchase.
Let's make your tree-change dream happen
You don't need to have everything figured out before exploring a move to Murrumbateman.
Whether you're just starting to dream about more space or are ready to attend inspections, a conversation with Dream Catchers Lending can help you understand your borrowing position and the finance options that may be available.
Your next chapter could be closer than you think.
Get in touch with Dream Catchers Lending to discuss your plans and take the first step towards making your country-living dream a reality.
Dream Catchers Lending is an MFAA-accredited member and a Certified Divorce Specialist. Feel free to book an obligation-free virtual appointment or leave us your details and we'll be in touch.