The High Court of Australia defines property rights as :
” that sole and despotic dominion which one claims and exercises over the external things of the world, in total exclusion of the right of any other individual in the universe “
Property can be real or personal.
Investors are concerned with real property rights and the responsibilities and laws and regulations governing their ownership.
Australian Property Law creates a system for verifying,identifying and facilitating the transfer of title to land, enabling it’s use as an economic instrument, not the least of which is, as a store of wealth.
Some of the stages the investor needs to understand include the following:
In this lesson we look briefly at each of these steps in the investment purchase process.
Property law can be complex and varies from state to state.
Once again it is important to have trusted, qualified and experienced professionals you can rely on to provide expert advice and prompt and competent service as part of your investment support team.