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Two more Millers Point properties sold

Last published on 11 Sep 2014 in Media releases / Archive

Minister for Family and Community Services, Gabrielle Upton, and Minister for Finance and Services, Dominic Perrottet, today announced the auction sale of two more government-owned properties at Millers Point for $6.6 million.

Minister for Family and Community Services, Gabrielle Upton, and Minister for Finance and Services, Dominic Perrottet, today announced the auction sale of two more government-owned properties at Millers Point for $6.6 million.

A five-bedroom Victorian terrace property at 11 Lower Fort Street, built in 1879, sold for $3.95 million. The other, a four-bedroom property at 23 Lower Fort Street, built in 1832, sold for $2.685 million.

Four properties have now been sold for a total of $11.1 million.

293 government owned properties will be sold.

Minister Upton said the sale of government-owned properties in Millers Point will return hundreds of millions of dollars back into the social housing system to help those 58,000 applicants on the waiting list.

“Our social housing system is currently unsustainable. That is, the cost of building and maintaining public housing properties is so high, we cannot meet the demand,” Ms Upton said.

“This is all about reinvesting money back into the public housing system by selling properties that are very costly to maintain.

“The age and heritage nature of the Millers Point properties mean they often cost four times as much to maintain as the average social housing property.

“For every house sold in Millers Point, we can build three houses elsewhere.

“This is about fairness, and helping the greatest number of people to secure a roof over their heads.

“Millers Point tenants are receiving personal attention by members of a dedicated relocations team to assist them determine their housing needs and assist in the relocation process.

“Every reasonable expense will be met by the Government to help tenants’ move to more suitable housing as smooth and hassle-free as possible.”

Mr Perrottet said private buyers would bring injection of funding into the Millers Point precinct, creating greater opportunities for local retailers, businesses and tradespeople.

“Millers Point is a historic precinct and the government-owned properties in the area vary in condition with some properties requiring significant amounts of maintenance to restore them to their former glory,” he said.

“We want to see the history of Millers Point retained and to ensure this each property that is heritage-listed will be sold with its own Conservation Management Plan.

“The plans have been endorsed by the Heritage Council and will guide new owners on what can and cannot be done in terms of maintenance, repairs and development.

“Today’s sales now mean that four properties have now been sold as part of pilot sales program at Millers Point. Two more properties, 86 Windmill Street and 30 Argyle Place, are currently on the market and are due to be sold over the coming weeks.”

 

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