- PERTH’S tanking property market has hit the Barnett Government’s fire sale of publicly owned land, with some properties being sold for multimillion-dollar losses.
An investigation by The Sunday Times found 12 of the 23 properties sold by the Department of Lands in the past year were either sold at a loss or under the asking price.
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4 Valencia Cl, Orana, which was sold by the State Government in January for $150,000 under asking price of $775,000.