Selling Your Family: Why Customary Title Is Incomparable To Western Conceptions Of Property Value

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dc.contributor.author Sheehan, JB
dc.contributor.author Small, GR
dc.contributor.editor Reed, R
dc.date.accessioned 2009-08-20T14:49:43Z
dc.date.issued 2005-01
dc.identifier.citation Proceedings from the PPRES Conference - 2005, 2005, pp. 1 - 13
dc.identifier.other E1 en_US
dc.identifier.uri http://hdl.handle.net/10453/1568
dc.description.abstract The notion of property is fundamentally different between modern culture and customary people. In practice modernity posits property as a set of material rights that are notionally comparable to other material values. Customary people perceive property only partially in these terms and place greater emphasis on origins and obligations of property within an understanding of community that is alien to modern culture. If property is recognised to both consist of material and non-material values, then it cannot be adequately valued in commercial terms alone. The Australian experience in assessing compensation for the extinguishment of customary title has less than satisfactory with few resolutions and many of those negotiated in secret. Conclusions from this experience provide insights into the nature of the dilemma of rendering customary interests in land into modern commercial terms. The recognition of the metaphysical foundation of the respective systems of property goes some distance towards understanding the difficulties involved in the valuation of customary interests. The solution probably lies outside the attempt to transfer ownership when the more defensible need is use.
dc.publisher Pacific Rim Real Estate Society (PPRES)
dc.subject Property Theory, customary title, valuation methodology
dc.subject Property Theory, customary title, valuation methodology
dc.title Selling Your Family: Why Customary Title Is Incomparable To Western Conceptions Of Property Value
dc.type Conference Proceeding
dc.parent Proceedings from the PPRES Conference - 2005
dc.journal.number en_US
dc.publocation Melbourne, Australia en_US
dc.publocation Melbourne, Australia
dc.identifier.startpage 1 en_US
dc.identifier.endpage 13 en_US
dc.cauo.name DAB.Faculty of Design, Architecture and Building en_US
dc.conference en_US
dc.conference Verified OK en_US
dc.conference Pacific Rim Real Estate Conference
dc.conference.location en_US
dc.for 1202 Building
dc.personcode 101169 en_US
dc.personcode 880426 en_US
dc.percentage 100 en_US
dc.classification.name Building en_US
dc.classification.type FOR-08 en_US
dc.custom Pacific Rim Real Estate Conference en_US
dc.date.activity 20050123 en_US
dc.date.activity 2005-01-23
dc.location.activity Melbourne University, Australia en_US
dc.location.activity Melbourne University, Australia
dc.description.keywords Property Theory, customary title, valuation methodology en_US
dc.description.keywords Property Theory, customary title, valuation methodology
dc.staffid 880426 en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment


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