Property and commercial projects

The City intends to acquire additional real property assets for investment purposes to add to its property investment portfolio. Investment properties are principally freehold properties, held for long-term rental yields and not occupied by the City.

It continues to be a major strategic objective for the City to generate on-going intergenerational income to allow a dividend reinvestment in the City’s annual budget. To achieve this, the City intends to acquire and retain a portfolio of stable and secure returns. This diversification will contribute to the City’s sustainable economic management by generating alternative revenue streams.

The City’s Land Asset Action Plan 2023-2028, endorsed by Council on 15th August 2023, provides a framework through which the City can make decisions with respect to the management, development, retention, disposal or acquisition of real property. Real property represents an opportunity to begin to deliver considerable on-going financial return for the City’s ratepayers via an ongoing income stream and capital growth.

Under the Local Government Act, a land transaction includes “several agreements for a common purpose” under which the City is to “acquire …. an interest in land”. Over the next 4 years, the City intends to purchase one or more properties that meet the parameters specified in this business plan for the common purpose of growing and diversifying its property investment portfolio.

It is considered that these acquisitions may constitute a “major land transaction” as defined under Section 3.59 of the Local Government Act 1995 and as such the City is required to comply with the requirements as set out in this provision. This Business Plan has been prepared and public submissions sought in order to comply with the City’s obligations for major land transactions.

Any submissions received in response to this Business Plan will be considered as part of Council’s decision as to whether or not the City should proceed with this Major Land Transaction, being the acquisition of properties that meet the parameters specified in this Business Plan.

Submissions

A six-week public notice period from Monday 5th May 2025 - Monday 16th June 2025 (both dates inclusive) allows the community to make a submission on the proposal. 

Council will consider all submissions received as an integral part of the decision-making process.

Submissions must be received by 4.00pm on Monday 16th June 2025 Once the submission period is closed Council will consider the Major Land Transaction proposed within this Business Plan for the acquisition of one or more investment properties up to $20,000,000 for a 3 year period.

View plans: Acquisitions Business Plan Major Land Transaction City of Stirling

Lodge your submission

The City is undertaking a subdivision project in Scarborough to transform four underutilised lots into eight lots ready for future housing construction.

The four lots are owned by the City and have been vacant land since 2016. The subdivision project will create eight lots ready for future owners to build on. This project will assist with the current undersupply of land in the Perth market and provide more housing opportunities in the Scarborough area.

We expect the civil works to begin within the next 2 weeks and to take approximately 8 - 12 weeks to complete, dependent on the contractor’s schedule.

Once the subdivision project is completed, the newly created residential lots will be sold on the open market, subject to Council approval.

Aerial map of 6 - 12 Bazaar Terrace, Scarborough