Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

EOI open for public housing sell-off

By Staff Writers
19 November 2014 | 1 minute read

The NSW government is inviting real estate agents to bid for chance to be part of a ‘pre-qualified’ panel to sell government-owned housing.

Advertisement
Advertisement

Minister for Finance and Services Dominic Perrottet launched the Expression of Interest on the NSW eTendering website yesterday looking for ‘Real Property’ services across NSW.

Mr Perrottet said they are looking for agents with experience in property transactions across the residential, commercial, industrial and heritage markets.

“The establishment of a state-wide panel will mean there is a prequalified pool of experienced and capable agents ready when we need them – rather than having to go through lengthy procurement processes for each project,” Mr Perrottet said.

“Under the guise of the property asset utilisation taskforce we’ve been able to realise more than $500 million in savings, through the divestment of properties and by renegotiating property leases.

“Once appointed, prequalified agents will be able to participate in projects such as the sale of government-owned properties in Sydney’s Millers Point precinct.”

Agents will be appointed to the panel for two years.

The tender comes on the back of moves by the New South Wales government to abandon ‘peppercorn rent’ agreements in place for public housing tenants to sell the property.

The successful tenderers will not be averse to controversy as part of the public housing part of the sale is the hotly-debated Miller’s Point area in Sydney.

EOI open for public housing sell-off
Growthplant
lawyersweekly logo

Tags:

ABOUT THE AUTHOR


Listen to other installment of the Real Estate Business Podcast

 

Do you have an industry update?

top suburbs

12 month growth
Travancore
49.78%
Timboon
49.57%
Dolphin Point
49.51%
Nyah West
49.42%
Preston Beach
49.29%
Newington
48.97%
Killcare Heights
48.89%
Wundowie
48.77%
Homebush
48.44%
Glenside
48.28%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.