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Agency in the black

LANDCORP, the government’s land development agency, made a after tax profit of $13.1 million for the first six months of the current financial year – almost double its target of $6.6 million.

Lands Minister Doug Shave said LandCorp was on track to deliver tax and dividends of $60 million to the Government for the full 1999-2000 year.

He said LandCorp profits were used to help fund other areas of government and the Government’s involvement in land and infrastructure projects made an important contribution to the State’s economy.

During the past year, several opportunities had been identified or secured to meet the increasing demand for industrial land in Perth and regional areas.

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Total combined value of current WA projects

23rd↓Qube PropertyNFP
24th↑Access Housing Australia2,094,000
25th-LandCorpNFP
26th-PerronNFP
70 property - (built-form) developers ranked by total value of WA projects currently under construction ($)

Lots expected to be completed for sale, current financial year

3rd↓Satterley PropertyNFP
4th-LWP Property GroupNFP
5th↑LandCorp582
6th↑Cedar Woods Properties500
7th-Urban Quarter275
43 property - land developers ranked by number of WA lots expected to be completed for sale, current financial year

Total revenue

10th↑Pilbara Ports Authority$422.6m
11th↑Racing and Wagering Western Australia$337.9m
12th↓LandCorp$325.0m
13th-Fremantle Ports$214.1m
14th↑Metropolitan Redevelopment Authority$169.1m
29 state government businesses ranked by total revenue - this year

Number of Employees

Property - (Built-form) Developers

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