What You Should Know About the Different Property Titles in Australia

If you want to own land, you must have a property title. This can be an Australian land title or a foreign one. If you want to get a freehold Australian property title, then there are different kinds of freehold titles in Australia that will suit your needs.

Freehold title
Freehold title is the most common type of property ownership in Australia. It's a form of land tenure that gives you the right to use and enjoy your property as long as you continue paying rent or other charges owed on it. You can sell or hand down your freehold title, but if you do so without first offering it up for sale then this will not count as an equitable disposal under Australian law (unless there are special circumstances).

Leasehold titles are similar but differ in some key areas:
●Leaseholders must pay some kind of annual rent; freeholder/owners don't have any obligation to pay anything beyond normal maintenance costs
●Leases last for fixed periods such as 99 years, whereas freeholds last indefinitely – although they may be subject to conditions about renewing them over time
●Leaseholders cannot pass their lease onto another party unless they agree with all other parties involved beforehand

Leasehold title
Leasehold title is a form of property title that gives the holder the right to use land, for example as a home or business premises. The lease usually has an expiry date and can be renewed by mutual agreement.
Leasehold titles are common in Australia because they're considered more secure than freehold titles (which are not protected against disposals). However, there may be restrictions on what can be done with your leasehold property after it expires—for example, some restrictions apply if you want to sell or transfer it without being given consent first.

Resale lease
A resale lease is a type of property title that can be used to purchase land or buildings. It is often used as an alternative to buying freehold, but it's not exactly the same thing.

A resale lease is simply an agreement between two parties (the seller and buyer) about how much money each party wants for their respective interests in land or buildings. The seller will agree to transfer his interest in the property to you in exchange for some amount of money; this agreement isn't binding on either party until signed by all parties involved. Once signed however, it becomes part of your ownership record and gives you full rights over your property until exhaustion (if any).
Resale Leases Are Not Freehold Titles

Cooperative housing scheme
Cooperative housing scheme is a type of tenure. It is an arrangement between a group of people to own and live in a property together, with each member owning an equal share in the cooperative. This can be done by purchasing shares from the developer, or through forming an association (not necessarily related to your community).

There are many different types of cooperative housing schemes: leasehold (where you get ownership rights over buildings), freehold (where you own all buildings), shared equity (where each person pays into their individual apartments), or government-backed loans for those who don't have sufficient funds themselves.

Life estate
Life estate is a type of ownership. It gives the owner the right to use and enjoy the property, but they don't have any rights over it after their death.
Life estates can only be created by deed or statutory instrument. If you want to create a life estate, you must complete an application form at your local registry office (located in most states). The fee amount depends on where you live and whether or not there are other people involved in buying this type of title:
●In New South Wales: $71
●In Victoria: $60

If you want to own land, you must have a property title.
If you want to own land, you must have a property title. A property title is not the same as ownership of the land. It’s simply a legal document that proves that someone has rights over an area of land – such as when they buy or build on it.
Property titles can be freehold (or fee simple), leasehold (or lease with right of renewal), cooperative housing scheme (CHS) and life estates.

At the end of the day, a property title is your proof that you own a piece of land. Your title will be with you forever and will protect you and your family. Without it, anyone can take what they want from your home or business without asking permission first!