Multimillion-dollar losses on WA public land sold in fire sale by State Government

  • 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.

READ MORE VIA NEWS.COM.AU

WA

4 Valencia Cl, Orana, which was sold by the State Government in January for $150,000 under asking price of $775,000.

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