Assessing the long term viability of leasehold rural land in Queensland

Eves, Chris & Blake, Andrea (2013) Assessing the long term viability of leasehold rural land in Queensland. In Rossini, Peter (Ed) (Ed.) Proceedings fo the 19th Annual Conference of the Pacific Rim Property Research Society, Pacific Rim Real Estate Society, RMIT University, Melbourne, VIC.

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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.

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ID Code: 60611
Item Type: Conference Paper
Refereed: Yes
Keywords: Rural land, leasehold rural property, term leases, farm viability, Queensland rural property
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2013 (please consult the authors).
Deposited On: 05 Jun 2013 06:42
Last Modified: 04 Jan 2015 14:21

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