Today, the richest 1% of adults will own more than 50% of global wealth. Indeed the 85 richest individuals will have more wealth than the poorest 50% of the world's population. But does property law facilitate this and encourage this inequality, or is it merely the instrument by which this division in wealth can be measured. One thing is undeniable though, the connection between the concept of property and law. For many legal systems around the world, the notion of private property is the foundation on which the legal systems operates. Given this importance, this unit takes three themes and considers how the history of property law, its current operation, and future direction will influence our doctrinal and theoretical understanding of property law, and its place within the law of obligations. These three themes ask how is property created, how is it acquired and how is it transferred. Consistent with these themes, knowledge of the nature and type of various proprietary interests in chattels and land, and their creation and relative enforceability at law and in equity is discussed. There will be a detailed focus on the Torrens system of land registration as well as briefer consideration of general law land, crown land, and native title. The specific areas of co-ownership, mortgages, leases, licences, easements, restrictive covenants, and strata title will also be analysed. Practical skills emphasised in this unit include statutory interpretation, written and oral communication, legal research, and independent learning. This unit contains the necessary content for Property Law as prescribed by the Law Admissions Consultative Committee, Uniform Admission Rules, Schedule 1 Prescribed Areas of Knowledge ('Priestley 11'), with the exception of legal and equitable remedies (considered in LAW454 Remedies), and includes the content for Personal Property Securities (listed under Corporations Law in the Priestley 11) as well as equitable rights, titles and interests (listed under Equity in the Priestley 11). It also advances students' achievement of the Threshold Learning Outcomes for Law (TLO's), in particular, TLO1 (Knowledge), TLO3 (Thinking Skills), and TLO6 (Self-Management).