Maximum area, 2,560 acres (this, however, is allowed only in remote districts); price, from 10s. per acre upwards. The land must be fenced within five years, or other improvements effected equal in value to the cost of fencing. Five years’ personal residence or occupation as the case may require; thereafter, until made freehold, the condition of occupation must be performed.
Negotiable Leases.
The lease may be obtained as soon as the improvements are completed, and can be mortgaged, or, with the permission of the Minister, the land may be subdivided, transferred, or sublet.
Exceptions.
Agricultural homesteads and free homesteads cannot be mortgaged. Agricultural selections and prickly-pear selections obtained under five years’ residence priority cannot be mortgaged during the first five years.
Agricultural Homesteads.
The price for a homestead is 2s. 6d. per acre, the annual rent 3d. per acre, the terms ten years’ personal residence, and the maximum area 320 acres.
Agricultural Homestead Conditions.
Land must be fenced within five years, or improvements made equal to value of such fence. When five years of residence have been performed and improvements effected, the selector may pay up the remaining rent, so as to make his total payments equal to 2s. 6d. per acre, and obtain deed of grant.