Buy property

Our land sales program releases land no longer required for transport to enable others to make the most of land and improve communities. As the land owners, we facilitate the process by working with other authorities and agencies that may also influence the outcomes of a sale.


Our process
After we receive an application to buy land, an internal review is undertaken which can take up to 28 days. During this time, we contact the applicant to confirm the progress.


Considerations

When we review applications, we consider:

  • Commercial and community outcomes
  • Future use
  • Development of the site
  • Any known or anticipated transport requirements.

Land sales are subject to approval of the Minister for Public Transport, the Treasurer and the Government Land Monitor.


Costs

There are various costs associated with buying our land, such as valuations and transaction fees.

Our land sales must be for a price not less than the Valuer-General’s (VG’s) valuation pursuant to the  Valuation Act 1960, based on the land’s highest and best use. The Valuer-General will establish the best methodology for valuation, and may that be a direct comparison of local sales or by assessing the land on a square metre rate basis.

Contact
If you have any questions, please  contact our Property Customer Service Coordinator on (03) 9619 8889 or at customer.services@victrack.com.au

Apply to buy property