We rent in Tamworth and like the idea of buying about 20 or 30 acres close by and would like to ask if interest rates on properties are higher than if we buy a house in town?

Hi Matt,

As an owner of land near Oberon in the Central West, I have helped customers purchase land near Bathurst and recently settled on a 25 acre block of land which did not attract any higher interest rates than if you were purchasing in the suburbs. There are some limitations on the lenders to choose from but that does not necessarily compromise on rate. If you would like to discuss your specific scenario I am happy to discuss this with you further.
Nicole :)
Pink Finance

Hi Matt

Generally, if the property is under 25 acres, & is not 'income producing' i.e. you're buying it for 'lifestyle' reasons, a larger rural/residential block will attract the same interest rate as if buying in town.
Happy to discuss this further, or, we also have an Aussie store in Tamworth you can drop into as well.

Cheers

Craig
Aussie Coffs Harbour