Appendix 14: Land disposal
We own property for operational and infrastructure purposes. We also acquire property for the construction of road and maritime assets. Properties that are surplus to requirements are disposed of in accordance with NSW Government policy. Proceeds from property sales are used to support road safety initiatives and improve the state's road and maritime infrastructure.
In 2016‑17 contracts were brought to account for the sale of 53 properties for a total value of $387.56 million (exclusive of GST). Of these, 21 properties were valued at more than $500,000, each totalling $382.7 million.
The properties listed in Table 39 were offered for sale by a publicly contestable process (Public Auction, Public Tender or a call for Expressions of Interest).
No properties were sold to people with a family or business connection to the person responsible for approving the disposal. Access to documents relating to the disposal of properties is available under the Government Information (Public Access) Act 2009.
Table 39: Major land disposals in 2016‑17
|14A Hill Rd, Wentworth Point53||360.30|
|28-50 Skipton Lane, Prestons||8.15|
|588B The Entrance Rd, Wamberal||1.20|
|501 The Entrance Rd, Erina Heights||1.13|
|390 The Entrance Rd, Erina Heights||1.05|
|588A The Entrance Rd, Wamberal||0.94|
|1-3 Arthur St, Granville||0.93|
|233 John Oxley Dr, Port Macquarie||0.88|
|Alcorn Rd, Knockrow||0.79|
|1450 Camden Valley Way, Leppington||0.74|
|976 Lovedale Rd, Allandale||0.67|
|426 The Entrance Rd, Erina Heights||0.66|
|4 Bel Hilton Pde, West Gosford||0.66|
|163 Dudley Rd, Whitebridge||0.66|
|572 The Entrance Rd, Wamberal||0.65|
|7007 Olympic Hwy, Moorong||0.61|
|Lot 10 Martin's Lane, Knockrow||0.61|
|131 Davies Rd, Padstow||0.54|
|257 Averys Lane, Buchanan||0.53|
|Corner Galga and Linden Sts, Sutherland||0.50|
|13 Rixon Ave, Bulli||0.50|
- Wentworth Point was purchased for $360.30 million dollars with disposal costs of $25 million. This resulted in $335.2 million being transferred to the Waterways Fund (Appendix 13, Figure 16).