NSW LPI to be sold with $500 million hopes
Jonathan ChancellorDecember 7, 2020
The NSW Government is set to sell its Land and Property Information (LPI) unit in 2016.
NSW has JPMorgan undertaking a scoping study on the sale, according to the Australian Financial Review column, Street Talk.
LPI provides all mapping, titles and other related land information services for NSW.
While the sale of the state's LPI would be the first sale of its kind in Australia, Victoria and South Australia are also consider selling their own land titles offices.
The AFR suggest that the NSW LPI is likely to be worth $500 million.
In 2014-15 some 900,000 plus dealings were lodged for registration, marking a 6.7 per cent increase on already strong volumes in the previous financial year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.