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Price claim disputed

LABOR Party claims that the WA Government sold a parcel of land at Bunbury for half its value are false and misleading, says Regional Development Minister Hendy Cowan.

Mr Cowan said the bid submitted by BGC for $506,000 was the highest of four bids received and the sale had proceeded after advice was received from the Valuer-Generals’s office.

He said the land was zoned rural when sold by the South West Development Commission in 1999, giving the property a lower value than if zoned for industrial use.

“The Labor Party is basing its claim on the property’s value as industrial land, but that is not what we were dealing with at the time of sale,” Mr Cowan said.

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