Govt land sell-off: $3 billion in prime properties up for grabs

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The largest military property sell-off in Australian history is underway, after the Albanese government agreed to put 64 ‘vacant, decaying’ Defence sites – estimated to be worth as much as $3 billion – on the market..

 

Some of Australia’s most valuable and historically significant military landholdings are now up for grabs, including Victoria Barracks in Sydney’s exclusive Paddington and its Melbourne counterpart, as well as the birthplace of the RAAF, Williams Base at Point Cook. Theis is an operating airfield and home of the RAAF Museum

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I could see this coming years ago, as Defence started on its major shopping list. I notice that the massive chunk of SAS land on the W.A. coast at Swanbourne (Campbell Barracks) isn't mentioned.

 

There's 236Ha of pristine, mega-mega dollar, ocean-front land there, that at current values would bring in mega-billions if sold off. I see where our local nefarious resident land developer, and Politician suck-hole, is licking his lips over the sale of Campbell Barracks, saying it "could bring in $1.3B for the Govt" if sold. Pigs bum it's worth $1.3B, more like $13B - but I'll wager he'll exert pressure on the Govt to sell it to him for $1.3B.

 

This is the value of that land in that region. A 1925 house on 1181 sq m of land in the area, sold last Oct for $12.8M. In the aerial view of the house and golf course, you can see the Campbell Barracks land in the distance.

 

https://www.domain.com.au/property-profile/11-pearse-street-cottesloe-wa-6011