The way land titles are issued, bought and sold will soon be very different, thanks to privatisation and technology.
Our land-title system originated in the mid-19th century when Sir Robert Richard Torrens campaigned to reform Adelaide’s chaotic deeds-based land system.
National Library of Australia
Sir Robert Richard Torrens – the man behind Australia’s ‘Torrens system’ of land-title registration – was an economic liberal who might have approved of privatising title registries.
Will the profits of a privatised NSW Land and Property Information Office end up in a tax haven?
NSW LPI
So on the nose is the proposal to auction off the NSW Land and Property Information Office via a 30-year lease that the Law Society, the Real Estate Institute and the Institute of Surveyors oppose it.