You must understand local planning guidelines concerning zoning, permitted uses, animals, land care (controlling noxious weeds & pests).
The local council will be able to answer your questions but also…
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Make sure fences, sheds, water pumps, dams, drains, bores, irrigation, water supply, tanks, house and general infrastructure meets your needs and ascertain whether they have council approval
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Soil and water – do they meet your required standard or need further tests?
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Markets – will you need to transport livestock or produce to markets? Consider the distance and costs involved.
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Weeds and pest infestations can be expensive to eradicate. Check neighbouring properties, access roads, adjoining state forests and water sources. Ask an agronomist if you have concerns.