Rural Property Acquisition & Sales
Protecting rural land NSW
A major part of the work we do involves:
- purchasing rural property that has a high conservation value
- placing a conservation covenant on the property
- selling it on to an interested buyer with a passion for conservation.
When buying rural land with the Revolving Fund, the NCT considers conservation values and real estate market conditions. This is because the Revolving Fund needs to purchase properties that people will want to buy and conserve, so that we can return the proceeds of the sale to the Fund to purchase more properties. If the NCT purchases properties that people do not want to buy, the Revolving Fund stops revolving.
The Revolving Fund is the property fund we use to buy rural land NSW.
When buying rural land with the Revolving Fund, the NCT considers conservation values, real estate market conditions and obtains an independent valuation. Each of these variables are carefully weighed up to help determine whether the property can be suitably revolved within the Revolving Fund.
Criteria for buying rural property in NSW
When buying rural land, we don’t just apply criteria to determine whether a property is suitable for a conservation agreement. We consider the conservation significance of the site in accordance with the NCT conservation criteria. We also assess whether the property is likely to be attractive to the market with a conservation agreement in place. Real Estate potential that we consider includes:
Before we buy rural property in NSW we:
- Review local market conditions and seek an independent valuation.
- Consider factors such as: zoning, water, aesthetics, access, power, fencing, proximity to regional centre, schools and services, building entitlements, easements, encumbrances, bush fire risk, forestry and mining rights.
- Determine which market the rural property would ideally appeal to: Lifestyle, Conservation Agriculture or Large Conservation.
- Review the income potential of the rural property from farming or some other activity.
The property information is built into a business case, which is submitted for Board approval.
If the purchase is approved, an offer is made. If the offer is accepted, the NCT buys the rural property and holds it until it is resold.