Leasehold rural land in Queensland faces uncertain long-term viability.
The article discusses the long-term viability of leasehold rural land in Queensland. It explains that rural land in Australia can be either freehold or leasehold, with similar ownership and farming rights. Many leasehold properties have been converted to freehold over the years. Despite additional rental charges, the cost of perpetual leasehold land is often similar to freehold land. Most current leasehold rural properties are in arid regions and mainly used for cattle or sheep grazing.