Tenants get opportunity to buy their property in new scheme
MORE than 300 tenants in government-owned housing in the Mary Valley are being offered the opportunity to buy their rental property.
The Newman Government today announced it was opening a Tenant Purchase Scheme (TPS).
Deputy Premier Jeff Seeney said the scheme offers residents the opportunity to make their lifestyle in the valley more permanent.
"The scheme is open to tenants who have been living in the property for at least six months and who have fulfilled all their lease obligations," Mr Seeney said.
"We're asking 304 sitting tenants, if eligible, to register their interest in buying the property at market value as part of our commitment to return government-owned property to private ownership.
"These registrations will be assessed to ensure the tenant meets the criteria, and then an independent valuer will provide a market valuation of the property.
"Eligible tenants will have 45 days to consider the offer.
"If the tenant does not wish to buy the property, it will be scheduled for sale in the broader divestment of government-owned properties through open market sales or auction or it could be combined with other properties to create Economic Development Units.
"This means non-tenants will still have the opportunity to buy these properties in the Mary Valley."
Member for Gympie David Gibson said he expected a high level of interest in the tenant purchase scheme as many locals have been waiting for the opportunity to buy their current property at market value.
The Tenant Purchase Scheme does not include properties that are leased for commercial purposes.
It is expected offers to proceed to purchase would be made to successful applicants from July onwards.