ABC News
The ACT's 99-year leases are expiring — what does that mean for home owners?
The ACT is the only jurisdiction in Australia that operates under a leasehold system, meaning every home owner is actually a lessor. With the first of those leases coming up for renewal, there are questions about the leasing system's origin and ongoing relevance.
The ACT is the only jurisdiction in Australia that operates under a leasehold system, meaning every home owner is actually a lessor. With the first of those leases coming up for renewal, there are questions about the leasing system's origin and ongoing relevance.
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