Comments by "Goatcha" (@Goatcha_M) on "American Reacts to Single Australian Farm That’s Bigger Than 49 Countries" video.
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The Australia Pastoral Lease system has been in place almost since the beginning.
Squatters could Lease as much land as they wanted for $1 pound for a 99 year lease as long as they 'improved the land', was a big deal in the 70s-90s when a lot of the leases were up for renewal, but mostly they got continued, apart from the land that got returned due to Mabo. Its technically government owned, but in real terms the squatters own it.
Its more secure than for example Chinese housing where the leases end after 25 years.
God, every statement has to have a thousand caveats, history is complicated, but in real terms, they own the land.
44% of Australia's land is held under Pastoral Leases. Even Avalon Airport is under a similar arrangement, technically owned by the Department of Defence, but really owned by Lindsey Fox.
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