Search results

you're correct JRC, this concept does operate in ACT, and many parts of Sydney CBD, but the freehold owner of the land is the Govt or Govt departments and often the lease is for $1. But in those circumstances you will find that a house will sell for current market rates, whatever that may be...

Hi Mark, You're correct, this is common in NYC from what i've read in the Trump books....and the problem is that it's so common over there that noone bats an eyelid, and doesn't even question it. The other thing is that it is used in NYC on very large parcels of land...so the question is...

that's exactly what i mean...perhaps i didn't explain myself properly

thanks so much for that response JAL...

I was just throwing figures around for the sake of discussion...nothing hard and fast The house part in the house and land is the depreciating part of the purchase, and since he purchased a lease over the house surely that would be depreciable, or perhaps his tenure over the house would be...

a lease would be considered transferrable tenure, so I assume it could be willed or whatever upon death... i don't know, just throwing thoughts out there.

I can't recall if this has been discussed before, but I'll put it out there anyway.... With all the recent talk about home ownership affordability (in which I dispute a problem exists, but that's a different topic) a thought crossed my mind today while daydreaming. Would I be able to buy a...