Market in Depth

Norfolk Is.: Overview

Oct 02, 2007

Norfolk Island is located in the South Pacific Ocean, east of Australia. It was placed under the authority of Commonwealth of Australia by the British in 1901 and is an Australian territory up to this day.

The present system of land tenure was developed directly from the system used at the time of the settlement of the Pitcairn Islanders in 1856. A 20 hectare block was granted to the head of each family or a 10 hectare block was granted to males who married after they had settled on Norfolk Island. The problem with this system is that there is confusion whether land tenure is family based or individually based. Land ownership is therefore overlapping.

Analysis of Norfolk Is. Residential Property Market »