Page 10 - STL-Spring-Property-Guide-2023

10 SPECIAL PUBLICATION Thursday September 21, 2023 .
NEWS 2023 SPRING PROPERTY

Luring buyers to small blocks

BY CHRIS MCLENNAN up the little farms for resi- enormous compared with next door, 339 Ballarat-Car- put together in order to go to "Now that the houses
dential development. multiple purchasers. ngham Road, sold in Octo- market," Mr Forte said. are so close, we thought we
SEVEN neighbours have The neighbours combined "Fancy getting a neigh- ber with the potential for He said the group did would all get together and
joined forces in a rare strat- their holdings into one land bourhood pulling their land a 488-lot housing devel- not want to be the people it's been really good with the
egy to sell their lifestyle package across seven titles is resource and coming togeth- opment yet to have coun- standing in the way of the seven of us," he said.
properties near Ballarat in on the corner of Ballarat-Car- er with a common purpose cil approval. western growth corridor, and The area has shown ex-
western Victoria. ngham Road and Wyn Close, in mind of deciding that the Property owner Greg Forte as a community they "could ceptional growth over the
Although the land is Bunkers Hill. season of life of living here is said with Ballarat west's in- look after each other and past five years and the site is
zoned farming, the neigh- On their own, with block coming slowly but inexora- evitable redevelopment and actually offer developers and flanked by other residential
bours are hoping Ballarat's sizes ranging from 10 to 16 bly to a close," Mr Veal said. growth, almost sadly, the the growth of Ballarat an op- and retail/commercial de-
population boom will lure acres, the developers may "The idea of allowing this writing was on the wall. portunity that normally you velopments.
residential developers to the not be tempted but you property to be then put in the "My neighbour and I had would be hit by tonnes and Mr Veal said Ballarat need-
31 hectares (77 acres) they can fit a lot more houses on mix of the development of decided maybe we will move tonnes of resistance". ed about 1000 houses per
have combined. 77 acres. the west corridor is just geni- forward and maybe the time Neighbour Mick Tud- year. Expressions of interest
Then it will be up to the Agent Luke Veal, of Jens us. We do not get this oppor- is to sell with the growth denham said Wyn Close close in September.
local council's planners Veal Byrne, said the flexibili- tunity presenting very often." inevitably happening and residents had enjoyed rural Visit jensvealpartners.
whether they agree to chop ty for the one purchaser was A 32.8 hectare property what sort of package can we living for the past 20 years. com.au for details.
Strict

laws on

dream

blocks

TOO often people buy their
dream hobby farm in the
country only to find they are
not allowed to build a home
on it.
Agents are up front in their
pre-sale warnings about
small bush blocks as lifestyle
opportunities - local council
approval will be needed first.
One way to take local
planning schemes out of the
equation is to offer a lifestyle
block for sale with the home
site already approved.
Check the listing for the
best advice on this.
A block at Sheans Creek
offered for sale with spectac-
ular views of the Strathbogie
Ranges already had a home
site with a pre-approval from
the local council.
The site is perched on an
elevated platform to take
advantage of the moun-
tain scenery.
That takes a lot of the risk
out of the equation but the
potential buyer is still best
advised to check with the
local council to ensure it still
has a permit, or a new permit
would have to be applied for.
The chosen home site al-
ready has access roads.
Tradies look

to the bush
Reliable lease payments from wind turbines and the high stock carrying capacity of this farm for sale near Ararat add up to an enticing opportunity.
Tempting cash from wind turbines THE Regional Australia

Institute says 92 per cent
of of metro tradies could
be persuaded to move to
A LARGE grazing farm host- The lease payments to the has been operational since potentially earning the land- Maloneys takes in 437ha the regions.
ing 16 wind turbines on the landowner rise every year 2017 with a designed life owner more than $4 million (1080 acres) with 10 turbines. RAI says a study found
market near Ararat offers a with CPI adjustments. span of 25 years, although on current terms. Expressions of interest soaring expenses and the
unique opportunity for in- The farm has more than most of these projects are It all adds up to a tempt- close in September. rising cost of city living are
vestors and farmers. 5000 sheep currently graz- intended to continue for at ing sale for investors, made Agents said the sale "of- causing tradies to consider
Buyers have offered the ing under those turbines least double that time. even more so by agents from fers an enticing prospect for a sea or treechange.
lure of guaranteed annual in- across its 1017 hectares The new owner of this Elders Real Estate who are farmers and investors". The institute is showcasing
come of $220,000 plus from (2515 acres). Ararat grazing farm can look offering the farm in two lots. For more information 10,000-plus building and
the wind farm, or almost The Ararat wind farm in- forward to at least 19 more Wlldes is offered on 580ha contact Michael Fratin from construction jobs on offer
$14,000 apiece. corporates 75 turbines and years of lease payments, (1435acres)withsixturbines. Elders on 0409 184 572. across regional Australia.