Buying Acreage or a Hobby Farm - Mortgage Guide

General information only — not financial advice. This content is intended as educational guidance. Consult a qualified financial adviser, mortgage broker, or legal professional before making financial decisions. See our full disclaimer.

The dream of owning a few acres - whether for horses, a veggie garden, or simply space - is increasingly popular. But financing these properties is more complex than buying a standard suburban block. Lenders treat acreage and hobby farms differently because of higher perceived ri

Frequently Asked Questions

Can I get a standard home loan for a hobby farm?

It depends on the land size and zoning. Properties under 5 hectares zoned "rural residential" can typically get standard home loans from most banks. Above 5 hectares, you'll likely need a regional bank or specialist lender, and terms become less favourable with larger properties.

What's the maximum land size for a normal mortgage?

Most mainstream lenders cap at 5–15 hectares for standard residential lending. Beyond that, you enter specialist or agribusiness lending territory. Regional banks typically have higher thresholds than big-4 banks. The exact limit varies by lender, zoning, and location.

Is LMI available on acreage properties?

LMI (Lenders Mortgage Insurance) is generally available for rural-residential-zoned properties under 5 hectares. Above that, LMI is typically not available, meaning you'll need at least a 20% deposit. Some insurers will consider properties up to 10 hectares on a case-by-case basis.

Calculate Your Numbers

Use our free calculator to get personalised results based on your specific situation. No sign-up required.