Non-Defence domestic property portfolio
Finance manages the government’s non-Defence domestic property portfolio of some 90 properties, including office buildings, law courts and other special-purpose facilities, heritage assets, vacant land and contaminated sites, with a value of approximately $1.7 billion (at 30 June 2018). Finance, with its private sector property services provider, manages these assets strategically to ensure that they are efficient and able to meet the government’s needs.
In 2017–18, investment in major buildings was focused on improving the quality and amenity of the buildings in line with modern workforce standards. This follows the agreement of new long-term leases, increasing whole-of-government efficiency through full utilisation of major assets.