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Dominic Perrottet MP
Minister for Finance, Services and Property

Open Data, Digital Economy Drive LPI Reforms

Joint Media Release

The Hon. Dominic Perrottet MP, Minister for Finance, Services and Property

The Hon. Gladys Berejiklian MP, Minister for Industrial Relations

 

Residential sales history data will now be available free of charge as part of a NSW Government reform package that will bring property information services into the digital age.

Minister for Finance, Services and Property, Dominic Perrottet, today announced that the sales history data held by Land and Property Information (LPI) will be available on the NSW Globe application, harnessing Google Earth technology.

“Today we are meeting our election commitment to make sales data available for free and in an open format by the end of October 2015,” Mr Perrottet said. “Consumers expect the latest information at their fingertips anywhere, anytime - we are pleased to help them make affordable and informed choices when buying and selling property.”

Minister Perrottet said the Government was looking to further reform LPI so that it continues to provide innovative and up to date data.

The first plank of this reform will be a structural separation of LPI’s operational and regulatory arms by early next year, along with a more transparent pricing framework.

“We hope these reforms will align LPI with international best practice, allowing it to respond more effectively to emerging trends in the property industry,” he said.

Treasurer Gladys Berejiklian said the NSW Government was also launching a comprehensive scoping study to investigate future options for LPI including possible private investment.

“This scoping study will examine whether the private sector is better positioned than Government to run the operational side of LPI’s business in an efficient and cost effective way,” Ms Berejiklian said.

“Any potential future private sector involvement in LPI will only proceed should the scoping study conclude that it is in the best interest of the people of NSW and the agency’s workers in Sydney, Bathurst and across regional NSW.”