This guide provides information and resources to help trustees manage leases on their land.
Native title
Before granting a lease, trustees need to make sure that any native title issues have been dealt with. Read more about native title assessment or contact us for more information.
Home ownership leases
When someone buys a home ownership lease, they will pay you a lump sum for the price of the lease.
The price represents the value of the land. The land is valued using this method (determined by legislation and the Department of Resources):
a block up to 2,000m2 is valued at $4,000
a block larger than 2,000m2 is valued at $4,000 for the first 2,000m2, plus $100 for each additional 100m2 (for example, a 2,200m2 block of land would be valued at $4,200)
Land values are reviewed every 3 years and usually increase in line with the consumer price index.
Contact us for more information about how land is valued.
