Assessing the long term viability of leasehold rural land in Queensland

Eves, A and Blake, A 2013, 'Assessing the long term viability of leasehold rural land in Queensland', in D. Higgins (ed.) Proceedings of the 2013 Annual Pacific Rim Real Estate Society (PRRES) Conference, Melbourne, Australia, 13-16 January 2013, pp. 1-18.


Document type: Conference Paper
Collection: Conference Papers

Title Assessing the long term viability of leasehold rural land in Queensland
Author(s) Eves, A
Blake, A
Year 2013
Conference name The 19th Annual Pacific Rim Real Estate Society (PRRES) Conference
Conference location Melbourne, Australia
Conference dates 13-16 January 2013
Proceedings title Proceedings of the 2013 Annual Pacific Rim Real Estate Society (PRRES) Conference
Editor(s) D. Higgins
Publisher Pacific Rim Real Estate Society
Place of publication Australia
Start page 1
End page 18
Total pages 18
Abstract Rural land holdings in a number of states in Australia can be freehold or leasehold. The actual type and tenure of the leasehold varies according to each state, but the underlying principles of ownership, transferability and farming and grazing rights are reasonably similar. There are rural areas that are all leasehold title such as the western lands in NSW, while rural land in some states and areas can be a mix of both freehold and lease hold rural property. Over the years many rural farming areas that were originally developed or granted as leasehold land have been converted to freehold title. In many instances the cost of purchasing perpetual leasehold property is similar to the equivalent freehold property despite the fact that an additional rental charge is applied to this form of ownership. Many of the current leasehold rural holdings are located in the more arid regions of the state and the prevailing agricultural farming system is either cattle or sheep grazing.
Subjects Real Estate and Valuation Services
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