Considering freeholding? Act quickly before costs rise!

Published:

AgForce is encouraging Queensland’s 1,300 remaining perpetual lessees to weigh up whether to freehold their properties before costs rise at the end of the financial year.

While freeholding can be an expensive exercise – up to 25 per cent of the unimproved land value – it offers advantages such as eliminating annual rental charges, improving financial options, and enhancing buyer interest.

Since 2014, around half of Queensland’s perpetual leases over Crown Land have been converted to freehold.

However, AgForce CEO Michael Guerin said the process wasn’t without its challenges and often required landholders to engage specialist assistance.

“Most landholders don’t have the time or expertise to ensure the transaction is in their best interests and generally have to engage specialist assistance similar to that offered free by AgForce to members,” Mr Guerin said.

“For example, Governments may seek to retain ownership of commercial timber species on the property and the right to harvest them, and the treatment of stock routes and other reserves can also be problematic.

“Additionally, lessees may have to pay a fee or engage a surveyor to improve the accuracy of their property mapping, which is why AgForce has negotiated member deals with expert rural surveyors.”

Mr Guerin said the benefits of freeholding had led AgForce to successfully appeal to the State Government to simplify the process and reduce costs in 2014.

“The cost of freeholding is high and often producers have more urgent priorities,” he said.

“AgForce has been working on behalf of landholders for decades to assist leaseholders negotiate the pitfalls of the process and emerge with the best possible arrangement.

“Landholders who are thinking about freeholding can contact their AgForce Regional Manager to discuss their options. This service is completely free to AgForce members.

“We will also be uploading information and resources to our website to assist the general ag community: agforceqld.org.au.”

 
Business Business & Economy Primary Industries
Social:   

AgForce Queensland :
Level 2, 110 Mary Street, Brisbane Qld 4000, Queensland Wide
07 3236 3100
AgForce Queensland
Showing 10+ recent articles for this business
State water trading scheme may hold key to agriculture-led COVID recovery 07 July 2020 | A future-looking, bi-partisan water strategy – that may incorporate a broader water allocation trading scheme – is essential if regional Queensland is to lead the State’s post-COVID economic recovery. More information...
ABSF update welcomed by AgForce, but needs to tell our positive story better 25 June 2020 | AgForce has welcomed the third annual update for the Australian Beef Sustainability Framework (ABSF) as celebrating the industry’s significant achievements, but noted that it needs to tell this good news story... More information...
State Government’s view of ag as ‘economic stabiliser’ just rhetoric? 18 June 2020 | Despite their rhetoric on Tuesday morning that agriculture would lead the post-COVID economy recovery, the Labor State Government just a few hours later showed their heart isn’t really in it. More information...
AgForce welcomes measures to support ag-driven recovery 16 June 2020 | AgForce has welcomed the Premier’s announcement of measures to support primary producers to drive Queensland’s post-COVID economic recovery. More information...
CSG insurance ban ‘could be worse than COVID’ for agriculture 15 June 2020 | News that some of Australia’s largest insurers are refusing to provide public liability cover to producers with CSG infrastructure on their properties is a “deeply concerning” development with enormous... More information...
Considering freeholding? Act quickly before costs rise! 10 June 2020 | AgForce is encouraging Queensland’s 1,300 remaining perpetual lessees to weigh up whether to freehold their properties before costs rise at the end of the financial year. More information...
AgForce welcomes Cane Board and new members 26 May 2020 | AgForce Cane is now a reality, with AgForce and the former Invicta Combined Growers Organisation (ICGO) signing and lodging the official paperwork on Friday. More information...
Assistance rightly continued as drought rages on 25 May 2020 | AgForce has applauded the State Government for its decision to continue offering essential drought support measures for a further year as drought conditions continue across much of Queensland. More information...
AgForce welcomes State waivers on land rent, transport fees 01 May 2020 | Pastoralists with grazing leases on crown land are celebrating this week after the State Government announced a 6‑month waiver on land rents – other than minimum rent leases – to provide an economic stimulus... More information...
‘Radical activism’ the last thing we need in our banks 21 April 2020 | The apparent refusal of some banks to lend to industries they believe are “socially sensitive” – such as firearms and live animal exports – has been condemned by AgForce as not only discriminatory but an... More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service