Comments on: Community Land Trusts explained

By: Moira Corby

Moira Corby — Tue, 15 Nov 2011 02:17:56 +0000

The Warratah Community Land Trust, located NSW, is a group formed to raise awareness, implement change in legislation and to purchase land for the purpose of conversion to CLT.
There are several co-housing developments that I am aware of located in Victoria,eg: Commonground, Seymour is established for 25+ years. This was efore legislation in Vic changed.

By: Dom Gilligan

Dom Gilligan — Fri, 04 Feb 2011 23:52:58 +0000

Several years ago, I drew up a concept plan for a place that would be home & workplace for professional creatives needing 20-30 sq m. of workspace.

I have not pursued it since I was able to use of one of the places that inspired the concept .

The need for such places is still large though.

If ever I pursued the concept plan again then CLT is one path to be considered for legal/financial model.

Dom

By: Karl Fitzgerald

Karl Fitzgerald — Tue, 27 Jul 2010 01:14:18 +0000

Hi Lisa,

thanks to Leo Foley, he wrote this piece.

the legal structure does vary. One of our trustees is a solicitor who happens to live at Tuntable Falls, Nimbin (Australia’s oldest intentional community). He believes that a company structure is the best legal structure. Members owns shares that give certain voting rights. Independent directors have voting rights too, at varying degrees. The cheapest and fairest system.

Mt Alexander CLT near Castlemaine has more practical experience than we do. Speak to Grace!

If you would like to join our casual email list on an inner Melbourne CLT, we are looking to get one up and running in 24 months time when land should be cheaper.

By: Lisa Walton

Lisa Walton — Mon, 26 Jul 2010 11:43:33 +0000

Hi Karl,

Your article explains the CLT model very clearly. I have been researching the US and UK CLT models extensively, trying to understand the legal structure.

Can you provide me with any information on the applicable legal structure under the Australian Tax Office? Is it an Incorporated Association with charitable status?

Best regards,
Lisa Walton
Melbourne, VIC

By: Karl Fitzgerald

Karl Fitzgerald — Fri, 05 Jun 2009 01:32:30 +0000

Hi John,

there are some close variants, but none of the style we are proposing. Some have re-sale caps on them which is ok but you still have to borrow the lump sum amount for the land from the banks. Interest payments are then too high. My report is coming out soon to explain this in more detail.

You could join this email list to find out more on the latest CLT developments in Oz – http://groups.google.com.au/group/australian-clt-network/subscribe?hl=en-GB&pli=1
cheers
Karl

By: John Waters

John Waters — Wed, 03 Jun 2009 11:18:16 +0000

We found this article very interesting and wish to ask if you know of any Community Land Trusts in Australia.

Sincerely

John Waters

By: Realty Forum

Realty Forum — Sun, 17 May 2009 15:21:56 +0000

Thanks for sharing such great information.