NSW appointing government real estate panel

The government is looking for agents with experience in all types of property transaction to serve on the panel for two years

The NSW government is currently in the process of setting up a new pre-qualified panel of real estate sales agents.

The expressions of interest (EOI) phase was announced last month by the Minister for Finance and Services, Dominic Perrottet, and closed Thursday December 4.

Mr Perrottet said the establishment of a state-wide panel will mean there is a pre-qualified pool of experienced and capable agents ready when needed, rather than having to go through lengthy procurement processes for each project.

"Through the expressions of interest phase we are looking for agents across the state with experience in all types of property transactions to sell off underutilised assets, including residential, commercial, industrial and heritage.”

Once appointed, pre-qualified agents will serve on the panel for two years and participate in projects such as the sale of government-owned properties in Sydney's Millers Point precinct.

In the past, agencies have been appointed by Government Property NSW, the government’s property agency, on a project by project basis. The government plans to continue its strategy of divesting underutilised and surplus property assets.

"We are committed to reducing unnecessary waste across the sector," said Mr Perrottet. "It doesn't make sense for government to continue paying to maintain assets that are no longer part of core business or essential for service delivery.

"Under the guidance of the property asset utilisation taskforce we've been able to realise more than $500 million in savings, through the divestment of properties and by renegotiating property leases."

The establishment of a pre-qualified panel of sales agents was in line with procurement reforms being made across government.

"Pre-qualification schemes make it easier to do business with government and are proving to be a real time and money saver for agencies and businesses," Added Mr Perrottet.

Similar initiatives are reported to have been set up for a range of industries including construction, financial management and ICT.