Hey, no fair taking away this part of my comment! "(or it's not very common at least)"
But when you say "40% of all land is lease hold" - are you talking all land now? I was talking about residential housing, and should have made it clearer I was talking about the domain I am used to, i.e. houses in major cities, i.e. in my case Brisbane, Sydney and Melbourne. Having a quick google around and it looks like in rural areas leasehold is more common.
Interesting to learn more about this stuff, thanks for the link.
But when you say "40% of all land is lease hold" - are you talking all land now? I was talking about residential housing, and should have made it clearer I was talking about the domain I am used to, i.e. houses in major cities, i.e. in my case Brisbane, Sydney and Melbourne. Having a quick google around and it looks like in rural areas leasehold is more common.
Interesting to learn more about this stuff, thanks for the link.