Property Investment and Development Policy

At its September 2026 Ordinary meeting, Council resolved to adopt the updated Local Procurement Policy, now the Property Investment and Development Policy.

The objectives of this policy are to:

• Facilitate the effective management of Council’s property assets to complement the Financial Investment Policy, provide an alternative income source and reduce reliance on rate revenue and other statutory income.
• Establish the principles of equity and transparency in Council’s commercial property related activities
• Ensure that Council’s property investment and development activities comply with applicable legislative requirements.
• Support the generation of alternative and additional income through property investment and development activities.
• Support local business and economic development where consistent with Council’s strategic, financial and legislative obligations.
• Invest in and maintain a strong property portfolio that supports capital growth and recurrent income.
• Maintain an appropriate balance of short, medium and long-term property investments to support sustainable growth and future investment capacity.
• Manage property investment and development activities to optimise financial performance, support economic development, demonstrate community benefit, address environmental sustainability and protect intergenerational value.

The draft policy will be publicly exhibited for 28 days.

Have your say on this policy review by completing the survey below.

Submissions close: Tuesday 27 October 2026.