Freehold land

Freehold land (or fee simple)is the most complete form of private ownership possible in Australian law.

Most developed, privately held land in Australia is under freehold tenure.

This allows the landowner to have unrestricted ownership of that land and right to deal with that land, subject to complying with applicable laws in each State and Territory.

The freehold owner may sell, lease, licence or mortgage the land, if in accordance with local, state and federal laws around zoning and environmental law.

 

 

Some exceptions exist, in particular the Australian government may claim rights to minerals or petroleum located on the land.

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au