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Farm Management Plan

Farm Management Plan

Farm Management Plan

By Farming & Regional Victorian Team

FARM MANAGEMENT PLANS

This information sheet has been prepared to be used as a general guide for hobby farmers, new farmers, landowners who wish to seek to prepare a Farm Management Plan where they seek to get permits for dwelling, projects, grants, or financial assistance from the Department.

The purpose of the information sheet is to provide guidelines for landowners as to the purpose and content of a farm management plan, to assist in the preparation of any permit or development applications that may be required.

WHAT IS A FARM MANAGEMENT PLAN?

A farm management plan is a complete plan which shows what the property is like now, what you intend to do with it, how and when you intend to do things, and what the likely financial return will be.

It should describe the layout of the property, the physical characteristics of the land in terms of soil type, slope, conditions of rivers or streams, and other physical features including dams, wood lots, scattered trees, fences, and any physical improvements proposed.

The plan should also describe the current and intended use of the land as a farm. The plan should also indicate the site, size, and scope of any proposed developments. It should also give an indication as to the reason the proposed developments are thought to be necessary.

THE PURPOSE OF THE FARM MANAGEMENT PLAN

The Farm Management Plan is required by the Local Authority to assist the Planning Officers to make a judgment as to whether, if the intended development is carried out, the enterprise will meet Council’s planning guidelines.

These guidelines include planning, environmental, land use, zoning, cultural heritage, infrastructure, and community considerations.

Local authorities and departments are committed to maintaining agricultural land for agricultural purposes and to ensuring that inappropriate developments on agricultural land do not occur.

Activity on the land which would diminish the aesthetic value of the land, or which would have a negative effect and make it difficult for neighboring landowners to carry out their own legal and permitted uses of the land, could also be considered inappropriate land use.

The Farm Management Plan should demonstrate to Council what the landowner intends to do and also encourage the landowner to think more clearly about what is intended.

THE FARM MANAGEMENT PLAN IS A ROAD MAP FOR THE LANDOWNER.

The plan is required by Council to ensure that the Municipality maintains the ambiance of the countryside, and that non-intended uses are avoided, but the plan is also a road map for the landowner.

Landowners who develop a comprehensive farm management plan are then able to go ahead with the development in a positive way and avoid unnecessary work or expenditure.

A comprehensive farm management plan can help landowners avoid the pitfalls that can trap the unaware when taking on a new venture.

WHAT SHOULD A FARM MANAGEMENT PLAN INCLUDE?

The Farm Management Plan should include a thorough description of all of the land that makes up the farm.

It should describe:

  • The soil Type -is it red, grey, or black? Is it sandy, loam, or chocolate?
  • Pasture species and condition.
  • Internal fencing is both current and intended.
  • Water storage and sources of water.
  • The method of supplying water to livestock.
  • Areas of trees and remnant vegetation from which livestock will be excluded.
  • Any soil damage or existing erosion.
  • The availability of power and other services.
  • Both current and intended access to and through the property.
  • A description of the state of the property with regard to vermin and noxious weeds.
  • The intended use of the site.
  • A description of proposed buildings and other improvements.
  • A description of the intended farming enterprises.

COUNCIL MAY ALSO REQUIRE INFORMATION ON:

The current physical condition and the present use of all adjoining land. In describing the physical condition of the land, the criteria set out above should be used.

As part of the Farm ManagementPlan, Council will consider whether the intended use of the site meets the general Municipal requirements for future development.

In considering this, it is essential that the plan describe the enterprises to be run in some detail. It would be useful if the plan demonstrates that the intended enterprises are currently run elsewhere nearby.

Where this is not the case, the plan will need to demonstrate from research conducted, that the soil type, water availability, and climate will be suitable for the intended use.

ECONOMIC OUTCOMES OF THE PROPOSED USE

It is not an absolute requirement to be able to demonstrate that a farm will be profitable. However, it is important to be able to demonstrate that the land will be used productively and that it will give an economic return both for the investment which is made and for the annual expenditure

In order to demonstrate the economic outcome, it is necessary to show the total value of the investment on the intended enterprise and to demonstrate annual costs and returns. It is important that these costs and returns are realistic.

MANAGEMENT OF THE PROPERTY

The Farm Management Plan needs to demonstrate how, and by whom the property will be managed. It should demonstrate the current level of expertise and or knowledge of the manager and other people involved. Where the expertise or knowledge to carry out the tasks is insufficient, the plan should outline the actions, which will be taken in order to address that deficiency.

 

ENVIRONMENTAL OUTCOMES OF THE PROPOSED LAND USE

It is important that landowners consider the environmental outcomes of the proposed land use. In particular, the plan should address the removal and or minimization of any vermin and noxious weeds.

The plan should also address any off-site effects of the intended land use, for instance, nutrition loss, smell, noise, and other environmental aspects, which may be important in some specific sites. On some sites, there could be rare species of plants or animals which Council and the community generally believe should be afforded some level of protection.

TIME FRAMES

It is important that the Farm Management Plan sets out the intended timing of any proposed development and the order of the proposed development so that a judgment can be made as to the state of the general appearance of the property during development.

IS A HOUSE REQUIRED?

If, as part of the farm management plan, you intend to build a house, there needs to be a justification in the plan as to why that house would be necessary. It is not automatically the case that a farmer must live on the land that is being farmed, and it is a requirement of the plan to build your case as to why you require a dwelling. It is also necessary for individuals to provide real evidence to show that the property in question will be able to be developed, and then will be sustainable in the long term. It is also necessary to demonstrate that the proposed rural enterprise is compatible with existing land use and will not have a detrimental impact on adjoining properties.

HOW TO DEVELOP YOUR PLAN

There are a lot of people who can help you with your plan.

A neighbor with a well-laid-out, tidy property will understand the balance of decisions surrounding soil, water, fencing, and shelter.

An Agronomist can provide you with specific advice on soils and pastures, weeds, and vermin. The Department of Primary Industry(DPI), Rural Suppliers, and private consultants all employ agronomists.

The above information is based on general advice and information, to understand expectations and framework only local councils can advise about this. If you need expert advice, we recommend appointing Farm Planners (DPI and Private). Farm Planners advice from the overall layout of the farm, advice on water supply, the positions of dams, tree plantation, vegetation protection and other most important information which are required in the plan to include and demonstrate.   

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When you feel you aren’t getting the best service and the value you expect from your property manager whether you hold a single investment property or investment portfolio, switching to a new property manager is your best option.

There are many myths around property management – and with extensive experience helping Victorians with their investment properties, it feels like we’ve heard them all. One of the most common things we hear about is people feeling that they are stuck with a property manager that doesn’t suit their needs and the most common reasons are: 

  • Lack of communication;
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  • Higher management fees,
  • Regular increase of fees like management, admin, statements, EOFY or banking etc;
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  • Missing and reporting periodic inspections;
  • Higher vacation rates.

Now, the most important question arises in mind, can you change property manager or agency during mid of lease term or at the end or any time – with the right process? 

In simple words, yes you can change the property manager at any time if you don’t feel comfortable and not getting the service as expected.

Switching property managers may seem difficult, but as Consumer Affairs Victoria notes, the process is not strenuous.

In most cases, you can terminate your estate agent’s management of your rental property, effective immediately, by written notice to the agent,” the authority notes.

In most of case, there is no fee unless it is clearly mentioned in the agency’s agreement signed by the Property Manager & you. You can give this notice at any time – even in a fixed-term contract. Best of all, you can have a professional do this for you.

How to change property manager quickly and efficiently? Are there any fees associated with the changeover?

If you’re thinking about switching property managers, the team at Goldfish will handle the entire process free of charge (excepting fees in your existing contract). 

From organising agreements and records, regulatory compliance, and safety check, contacting tenants and agents to picking up the keys, notifying new tenants and organising inspections can be done simply, professionally, and efficiently once you appoint team Goldfish. 

Most of the time, it pays to take a step back and evaluate the quality of the property management and return of your investment which you’re getting. Try our property appraisal service & proposal to compare whether your property management arrangement is paying the return on your investment as it should be. 

If it isn’t, we’re here to offer you a proactive, innovative, technology-driven, compliant, and Guaranteed 100% better property management solution at your doorsteps…. Simply, it is 100% peace of mind and your satisfaction.

To experience the difference, contact the team at Goldfish on 03 5332 4444 or email for a confidential discussion. 

 

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How to Choose the Right Investment Property in Australia?

How to Choose the Right Investment Property in Australia?

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Investing in real estate can be one of the most rewarding financial decisions you’ll ever make. But let’s be honest—it can also be overwhelming. Whether you’re looking at investment properties in Melbourne, rural properties in Victoria, or commercial spaces in Melbourne CBD, choosing the right property requires thorough research and strategic decision-making.

If you’re wondering where to start, don’t worry! This guide will walk you through the key factors to consider when investing in Australian real estate, helping you make an informed choice that aligns with your financial goals.

1. Define Your Investment Goals

Before diving into the property market, ask yourself: Why am I investing?

  • Do you want steady rental income from rental properties in Dandenong?

  • Are you looking for long-term appreciation, such as luxury homes for sale in Melbourne?

  • Is your goal to develop and resell, targeting Melbourne property developers?

Having a clear objective will help narrow down your search and identify the best real estate agents in Melbourne to assist you.

2. Choose the Right Location

Location is everything in real estate. Here are some top spots to consider:

  • Melbourne Inner-City Apartments: High demand, strong rental returns, and excellent capital growth.

  • Rural Properties in Victoria: More affordable with long-term appreciation potential.

  • Commercial Property for Lease in Melbourne: Ideal for business owners and investors seeking rental income.

  • Properties for Sale in South Melbourne: A vibrant area with increasing property value.

  • Land for Sale in Mornington Peninsula: A great option for those wanting to build from scratch.

Looking for investment opportunities outside Melbourne? Consider property investment opportunities in Bendigo, where market growth is steady and affordable.

3. Understand Market Trends

Real estate is dynamic, and market trends change frequently. Here’s what you need to consider:

  • Supply & Demand: Are people looking for rental properties in Dandenong, or are commercial spaces in Melbourne CBD seeing more demand?

  • Interest Rates: Lower rates make property investment more attractive.

  • Government Incentives: First-time home buyer programs in Melbourne can help ease the financial burden.

  • Infrastructure Developments: Areas with upcoming developments, like Ballarat, often see increased property value.

Statistic: The Australian Bureau of Statistics (ABS) reported a 14.6% increase in new dwelling approvals in Victoria over the past year, indicating strong market growth.

Speaking of Ballarat, if you're looking for real estate services in Ballarat, working with experienced agents can help you find lucrative investment opportunities.

4. Property Type Matters

There’s no one-size-fits-all investment. Consider these options:

Residential Properties

  • Luxury Homes for Sale in Melbourne: Best for high-net-worth individuals seeking long-term capital appreciation.

  • Affordable Rural Properties Near Melbourne: Ideal for investors looking for lower entry costs.

  • First-Time Home Buyer Programs in Melbourne: Beneficial if you plan to live in the property first before renting it out.

Commercial Real Estate

  • Commercial Property Sales: Perfect for businesses or investors wanting long-term rental income.

  • Commercial Real Estate Investors: If you have the capital, this can offer strong returns.

  • Estate Management Services Melbourne: Need help managing multiple properties? Professional estate managers can handle the workload.

Land & Farms

  • Farm Land for Sale in Victoria: Excellent for agricultural investment or future development.

  • Acreage for Sale: Ideal for those looking for larger plots of land with long-term appreciation potential.

  • Farm Property Management in Victoria: Professional management ensures your land is used effectively.

Rural properties in Victoria have seen a 10% increase in median prices in the last 12 months, according to Domain.

5. Work with Professionals

Finding the best real estate agents in Ballarat or Melbourne can make a huge difference in your investment success. A good agent will:

  • Provide insights on market trends.

  • Help negotiate the best deal.

  • Offer guidance on legal paperwork.

If you're new to investing, a Melbourne Property Investment Advisor can help you understand the risks and rewards, ensuring your money is placed in the right property.

6. Consider Rental Yield and Capital Growth

Before making a purchase, research the rental yield (percentage of rental income compared to the property's value) and capital growth potential (the expected increase in property value over time). Areas like Geelong and Dandenong offer strong rental demand, making them excellent choices for long-term investors.

The average rental yield in Melbourne is currently 3.5%, while regional areas like Geelong offer yields up to 5.2%, according to SQM Research.

7. Know the Selling Process

If you’re investing to resell, it’s crucial to understand the process of selling a house in Melbourne. Here’s a quick breakdown:

  1. Get a property valuation.

  2. Prepare your property for sale (renovations, staging, etc.).

  3. Work with real estate consultancy Melbourne services.

  4. Market the property effectively.

  5. Close the deal with the help of a real estate lawyer.

Having a strong marketing strategy is key, and services like project marketing for real estate developers can help boost visibility.

8. Diversify Your Portfolio

If you’ve already invested in luxury property investors Melbourne, consider diversifying into other sectors like commercial spaces, farmland, or regional properties in Victoria and Bendigo.

Conclusion: Make the Right Investment with Goldfish Real Estate

Choosing the right investment property in Australia requires careful planning, market research, and expert guidance. Whether you’re exploring rural property sales Victoria, commercial real estate investors, or first-time home buyer programs Melbourne, understanding the market dynamics will help you make informed decisions.

Looking for expert guidance? Goldfish Real Estate specializes in helping investors find high-return properties across Melbourne, Ballarat, Bendigo, and beyond.

Contact Goldfish Real Estate today and start your journey toward a profitable property investment!

Invest wisely, plan strategically, and make the most of the booming Australian real estate market!


Disclaimer: Research is based on Goldfish Real Estate's general information and do not constitute any representation. Similarity with any other online resources available is not our responsibility and do held any liability.