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Given that the income from the farm is unlikely to ever exceed the tax-free threshold (~$18K P.A.), and we won't have much other income, I guess reducing tax is probably not a big factor either? Are there other reasons to use a trust?

Commercial farm - cropping. We may have children, but succession planning is not a factor.

I should add - the land will be purchased outright with no debt. We likely won't be living on the land mentioned, but this might change at some point.

Basically the wife and I are buying some farm land as an investment, which we intend to lease to another farmer. We both work at the moment, but the plan is to go bush/feral in a year or two and live a subsistence lifestyle - supplemented by the modest income received by leasing the farm...

So assuming you just wanted the level of cover that would prevent you from being liable for the above suggested sorts of scenarios, is it simply known as "public liability insurance"?

Don't suppose anyone can help with this?

I was chatting to a farmer on the weekend, and he said one of his unavoidable (and substantial) fixed costs is public liability insurance. He said you just can't exist without this insurance, because if anyone (even a trespasser) comes on to your land and hurts him/herself you will be liable -...

So it looks like I would be fine in this case. Thank you sir!

I have some money in a FHSA - http://homesaver.treasury.gov.au/content/default.asp But I'll be damned if I can figure out whether I can use this money for a larger (rural) block of land should I buy one. The latest rules indicate that if you buy a house or vacant land before the 4 year...

The land is 250 acres

Any ideas..?

Some more info: Main road frontage Power running through the block (not connected) Water supplied by creek? It actually has a good shed on it, which could be described as a living quarters - will this make any difference in terms of "not having a dwelling"?

So what sort of deposit (approx) would you expect?

Mid north coast of NSW. Am I likely to need a deposit larger than 30%?

I'm looking at buying some land with the intention of paying it off using my off-farm income. While I'm doing this I will be away working in the city most of the time, so will simply agist it out for cattle. The income from agisting obviously won't be very substantial. The ultimate plan is that...