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Yeah, I liked the idea of a 99 year lease too...... http://rgdirections.lpi.nsw.gov.au/deposited_plans/lease_plans/lease_land

I had a look at this a while back - similar thoughts as yours. IIRC you will be restricted to getting a 5 years max lease (including any options) as any longer is defined as a subdivision. Therefore the only way this works is with a transportable so that you can take the unit away at the end...