Leases are bought and sold in the same way as freehold property. However, when you 'buy' a lease, you are in fact only buying the improvements on the leased land and the right to lease the land from the state.
Under the new Crown land legislation that is now in force, we have simplified the process for leaseholders to buy the Crown land they currently lease. The new streamlined process for converting leasehold land to freehold gives a financial return to the state where the land is sold. It also reduces red tape and administrative costs.
This is a fairer and more consistent approach to Crown land tenures and ensures all lessees (that is, all tenants) with purchase rights go through the same purchase process. The Purchasing Crown leasehold land to obtain freehold title policy (PDF, 552 KB) provides a framework for the department to assess and determine applications to purchase a lease.
For more information, download:
- Purchasing a Crown land lease to obtain freehold title—fact sheet (PDF, 310 KB)
- Purchasing a Crown land lease to obtain freehold title—frequently asked questions (PDF, 121 KB)
- Purchasing a Wentworth or Hay Irrigation Act lease to obtain freehold title—frequently asked questions (PDF, 176 KB)
- Lease: purchasing Crown leasehold land to obtain freehold title guideline (PDF, 385 KB)
We have a policy (PDF, 288 KB) for lessees who want to lodge an objection to the purchase price for Crown leasehold land.
To find out if you are eligible to convert your lease to freehold, contact us.
New opportunity for Western Lands leaseholders
The Crown Land Management Act 2016 (the CLM Act) allows eligible leaseholders to purchase their Western lands lease, which will convert the title to freehold.
Some leaseholders in the Western Division have been able to purchase their Western lands lease for some time; these include urban leases for business and residential purposes and several agricultural leases.
The CLM Act provides a new opportunity for grazing leaseholders in the Western Division.
Leaseholders who currently hold purchase rights can still apply to purchase their lease under the CLM Act.