Victorian Prime Minister Jacinta Allan’s government is preparing to sell more than $ 50 million in surplus land, but has been holding some of the sites for years. Correct photo: Newswire/David Crosling.
The Victorian government is on a real estate portfolio of more than $ 50 million, including houses that are planning to sell a maximum of eight years while it is struggling with a budget crisis.
The figures in the industry have urged the government to load the addresses urgently to finance social and affordable homes, infrastructure and programs to accelerate housing approvals.
The government -led government was also under fire for the time it takes to prepare the sites for sale.
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And with the government’s budget documents that demonstrate Victoria’s fault, this year it is expected to be balloon up to $ 155.5 billion, loading the property can also help the balance.
More than 40 houses that are reserved for sale are left after they have been taken over in Carnegie, Murrumbeena and Hughesdale for the Caulfield-Dandenong Sky Rail project between 2016 and 2018.
Digital estimates indicate that the values of the houses vary from $ 382,000 for a unit with one bedroom in carnegie to a house with six bedrooms in the same suburb worth $ 2.12 million.
Although the addresses were declared surplus the needs of the government, many have not been empty, with some rented people to tenants.
![11 Oakdene Cres, Carnegie - For Herald Sun Real Estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
The Victorian government bought this house with three bedrooms in Carnegie for $ 1.75 million in 2017. The current estimated value is $ 1.89 million, according to realestate.com.au.
And this house in Hughesdale, purchased by the government for $ 1.82 million in 2017, is now worth around $ 1.79 million.
Other locations under the 60-plus properties that are for sale include empty land, an ex-police station and former schools, including two that were closed in 2008.
An ex-school in Broadmeadows has been on the list available for at least 2017.
Valuation for the residential sites are available at sources that are externally to the government, such as realestate.com.au, indicate that there is at least $ 56 million in real estate that can be sold.
Estimates for commercial sites and other locations are not available, which suggests that the real figure could be considerably higher.
A spokesperson for the Department of Transport and Planning said that the ratings were not available because they were commercial in confidence.
![4 Girdwood Ave, Carnegie - For Herald Sun Real Estate](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 768 1024"%3E%3C/svg%3E)
In 2018, the government paid $ 1.9 million for this carnegie with four bedrooms that is now appreciated at around $ 2.02 million, based on realestate.com.au.
The Victorian executive director Cath Evans of the Real Estate Council says that funds from the sale of government surplus country can be re -invested in local infrastructure delivery or programs that help reduce bureaucracy and rapid approval of homes. Photo: Jake Nowakowski.
A house with six bedrooms in Carnegie, purchased eight years ago by the state government for $ 1,875 million, which is now worth $ 2.12 million.
The Victorian executive director Cath Evans of the Real Estate Council said that well -located, strategic locations should not sit when Victoria was confronted with a home crisis.
“Funds of these sales can be restored to local infrastructure delivery or programs that help reduce bureaucracy and cut approvals in the home,” said Mrs. Evans.
She said that the proceeds could also support social and affordable housing projects, whereby the state government wants to build 800,000 new houses in the following decade.
Mrs Evans added that several years was more than enough time to work through planning and consultation processes, especially when sites were already in the pipeline of the government.
“With rising debts and repayments from the interest charges, it is more important than ever for the state to use his balance wisely,” she said.
The former police station of Laverton, photographed when it was still operational in 2009, that the state government is now preparing to sell.
Real Estate Institute of Victoria Interim Chief Executive Jacob Caine says that eight years is an “extremely long time” for the government to prepare land for sale.
The state government sold this warehouse on 2-6 Sperry Drive, Tullamarine, for $ 6.8 million in August 2025.
Real Estate Institute of Victoria Interim -Chief Executive Jacob Caine said that more had to be done to shorten timelines for sale, so “we can effectively use the properties and country that we have at our disposal today, instead of decades hence”.
“In the midst of perhaps the most acute home payability crisis that the state and the country have ever confronted, we need every little country, real estate and house available to the community to illuminate the pressure that buyers and tenants in Victoria are confronted,” said Mr Caine.
Excess land sales can sometimes not take place until a polluted site has been remedied or re -sought, which relates to activities of city planning and public consultation.
The country is also offered with a discount on local councils to buy for community use, before it is mentioned for public sale.
The government bought this carnegie house for $ 1 million, in 2016. The current estimated value is $ 1.29 million.
The former police station on 64 Burwood Highway, Burwood, achieved $ 3.125 million when the government sold it in 2023.
The state government currently has seven locations on the market with empty blocks in Epping, Drysdale and Melton, including.
Since January 2023, the government’s treasury have been stimulated by a combined $ 35 million in Victorian country sales.
A government spokesperson said that the proceeds from land sales were reinvested in services and infrastructure such as schools, hospitals and public transport.
This MurumBeena house, with a current estimated value of $ 1.26 million, was purchased by the Victorian government in 2017 for $ 1.1 million.
“We open up surplus government country in the entire state to deliver hundreds of new houses,” they said.
In March, the Minister of Housing and the Harriet Shing building announced that an ex-Vicroads site in Kew had been re-used with the aim of building up to 500 houses, including a minimum of 10 percent affordable housing component.
The government has also reserved six other surplus locations to deliver up to 350 new houses in Baxter, Bendigo, Carlton, Croydon South, Heidelberg West and Geelong.
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