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Legislative Assembly for the ACT: 1997 Week 4 Hansard (8 May) . . Page.. 1228 ..

(3)

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(4)

All ACT Housing properties sold by auction have basic repairs and maintenance carried out to bring them up to a saleable standard and to increase the sale price. The extent of repairs is determined by the state of the property when it is vacated. The cost of maintenance on each property sold between 1 February 1997 and 31 March 1997 is listed in the table above.

(5)

The method of sale for each property is set out in the table above. The term used is defined as follows:

Tenant - sold to the tenant for price supported by a licensed valuer;

Auction - sold by nominated agent at auction;

Post Auction - sold by nominated agent after auction for price supported by a licensed valuer.

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