Asset management

Finance manages the government’s non-Defence domestic property portfolio of some 100 properties, with a value of approximately $1.8 billion (at 30 June 2017). Finance, with its private sector partner, manages these assets strategically to ensure that they are efficient and able to meet the government’s needs.

In 2016–17, investment in major buildings was focused on improving the quality and amenity of the buildings in line with modern workforce standards. This follows the agreement of new long-term leases, increasing whole-of-government efficiency through full utilisation of major assets.

Performance measures for the management of the domestic property portfolio are included in the annual performance statements in the 'Performance' section of this report.