Family and Community Services Minister Gabrielle Upton, and Finance and Services Minister, Dominic Perrottet, today announced the auction sale of the sixth government-owned property at Millers Point for $1.71 million.
Minister Upton said continued strong interest in Millers Point property sales saw the 30 Argyle Place residence take the total proceeds of six property sales to $15 million.
The three-level, three-bedroom Georgian terrace property at 30 Argyle Place was built in 1846 for local publican, William Cole.
“So far, the pilot sales program has been incredibly successful in delivering much-needed funds to re-invest back into public housing stock across NSW,” Ms Upton said.
“It is estimated that approximately $100 million of public money would be required to restore and maintain the heritage fabric of the entire Millers Point portfolio over the next 15 years.
“But now with the injection of private investment from property buyers, the future for Millers Point is optimistic.
“But the biggest winners from Millers Point sales are the 58,000 households on the public housing waiting list who have been waiting far too long to get a roof over their heads.”
Finance and Services Minister, Dominic Perrottet, said the strong sales figures mirrored the demand for properties in the Millers Point precinct.
“There continues to be an unprecedented level of market interest for properties in Millers Point,” Mr Perrottet said.
“Buyers are recognising the historical significance and unique potential that the precinct offers with many homes in the area being heritage listed.
“Government Property NSW has received a large number of enquiries on their EOI page and we encourage all interested parties to register their interest and be kept up to date with the latest sales and property releases.
“NSW Government is committed to divesting the remaining 287 government-owned properties in the precinct over the next two years.”