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Lino Iacomella says the Landgate privatisation is supported but action must be taken to ensure the costs of buying or selling a property does not increase. Photo: Attila Csaszar

Industry backs Landgate sale

The state government has been encouraged to follow the lead of NSW and South Australia and privatise its land registry agency, Landgate, which posted a net profit of $20.1 million last financial year.

The NSW and SA governments have each reaped $1.6 billion from the sale of their land title services to private consortia.

The Chamber of Commerce and Industry of WA and the Property Council of Australia both said they would support the potential sale of Landgate.

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Comments

REIWA House, Subiaco
Privatization of Landgate is, in itself, not an unreasonable option unless the cost of access to the data provided by it doesn't increase to unreasonable levels. REIWA will be asking the McGowan government to reveal what safeguards they plan to put in place to prevent price gouging of data should they decide upon a sale. Real Estate Agents are obliged to undertake a variety of Landgate data searches with any increased costs inevitably being passed onto consumers.

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Total revenue

12th↓Racing and Wagering Western Australia$408.8m
13th-Fremantle Ports$223.3m
14th-Landgate$159.6m
15th-Southern Ports Authority$140.3m
16th-Forest Products Commission$126.0m
32 state government businesses ranked by total revenue - this year

Number of Employees

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