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Selling off Defence properties could help ease the dire housing shortages in the nation’s capital cities as well as freeing up money for new weapons.
Defence’s real estate portfolio could be worth even more than the $30 billion current valuation if it were to be sold for housing.
Some of Australia’s most expensive real estate, in suburbs such as Perth’s East Fremantle and Sydney’s Balmoral, could soon be up for grabs from the Department of Defence.
An annual football match played in the heart of the northern suburbs will kick off for the 30th time this Saturday as part of a long-standing Anzac Day tradition.