Australia is one of largest wine exporters in the world with than 750 million liters of first-class wine finding its way to the international export market every year. As a result, the Australian wine industry has been identified as a major contributor to the country’s economy.
Therefore, if you are in Australia and have decided to venture into the wine making trade, you’ve definitely made a wise decision. In spite of that, you must keep in mind that wine making is not a walk in the park – it calls for lots and lots of work, long hours, tough harvest seasons, and so on. But of course, there is the fun side which includes strolling through your own vineyards, tasting your own creations, making sales, etc.
As you already know, you must have a vineyard to become a wine maker or producer. But not any vineyard or piece of land out there will do – the key to producing quality wine lies in purchasing an appropriate piece of land. Without good land, you can as well kiss your dream away.
The best grape-growing lands are not always easy to find, and as a result, they don’t come cheap. Fortunately, it is possible to get vineyard financing in Australia and other parts of the world. But with Australia’s’ history of droughts, an unstable rural property market, and the 2008 economic crisis, banks and other lenders are a bit hesitant about taking the risk.
In other words, while it is still possible to get funding to purchase some quality land to set up your vineyard, it is not going to be an easy affair. The trick lies in locating a mortgage broker who is extremely familiar with each and every mortgage option related to farms or acreage in Australia.
Rural and agribusiness finance is a rather complicated affair, and without a knowledgeable person to guide you along, it is very likely that you are going to get confused and eventually ditch the entire plan due to frustration, annoyance, and disappointment.
It is for such reasons and more that mortgage brokers in Australia have continued to gain popularity amongst wine makers and hopeful wine makers. Primarily, a mortgage broker will help you to identify and find the loan that fits your specific needs. After recommending a loan, he or she will further guide you through the entire process which includes application, approval, and finally, settlement.
The good news is that Australia has a well-built mortgage industry meaning that there are plenty of lenders still willing to offer rural and agribusiness finance including banks, credit unions, building societies, non- bank lenders, and more.
Having a broad and diverse range of loan products and lenders to approach is amazing, but finding one’s way through dozens of products, features, and benefits is time and energy consuming, to say the least, and that’s where a mortgage broker comes in.
In conclusion, patience is a virtue, not only when it comes acquiring a vineyard loan, but also in the actual wine game. With proper planning, you can expect your first harvest at least two year after planting. It will, however, take around four years or so for you to finally produce your very first liter of quality wine.