“Paid 10 times higher than market rate to buy some land new the new Western Sydney Airport several decades earlier than necessary, after getting a valuation done only by a valuer suggested by the seller.”
The The core core claim claim is is * * * * substantially substantially accurate accurate * * * * and and supported supported by by official official government government audits audits . .
The core claim is **substantially accurate** and supported by official government audits.
On On 31 31 July July 2018 2018 , , the the Australian Australian Government Government purchased purchased the the " " Leppington Leppington Triangle Triangle " " land land parcel parcel — — 3.5 3.5 hectares hectares near near Western Western Sydney Sydney Airport Airport — — for for * * * * $ $ 29 29 , , 839 839 , , 026 026 * * * * [ [ 1 1 ] ] . . Just Just eleven eleven months months later later , , on on 30 30 June June 2019 2019 , , the the Department Department of of Infrastructure Infrastructure ' ' s s own own financial financial statements statements valued valued the the same same land land at at only only * * * * $ $ 3 3 , , 065 065 , , 000 000 * * * * , , representing representing an an apparent apparent overpayment overpayment of of approximately approximately * * * * $ $ 26.7 26.7 million million * * * * [ [ 1 1 ] ] . .
On 31 July 2018, the Australian Government purchased the "Leppington Triangle" land parcel—3.5 hectares near Western Sydney Airport—for **$29,839,026** [1].
The The Australian Australian National National Audit Audit Office Office ( ( ANAO ANAO ) ) conducted conducted an an official official performance performance audit audit released released in in September September 2020 2020 and and confirmed confirmed the the excessive excessive pricing pricing [ [ 2 2 ] ] . . The The ANAO ANAO found found that that the the government government paid paid substantially substantially more more than than proper proper market market value value . . Of Of nine nine valuations valuations on on record record for for the the property property , , eight eight valued valued it it at at $ $ 6 6 million million or or below below , , with with the the lowest lowest valuation valuation at at $ $ 900 900 , , 000 000 [ [ 3 3 ] ] . . The The government government accepted accepted the the single single highest highest valuation valuation at at $ $ 30 30 million million — — the the only only one one suggested suggested by by the the property property seller seller [ [ 4 4 ] ] . .
Just eleven months later, on 30 June 2019, the Department of Infrastructure's own financial statements valued the same land at only **$3,065,000**, representing an apparent overpayment of approximately **$26.7 million** [1].
The The valuation valuation process process was was fundamentally fundamentally compromised compromised . . The The ANAO ANAO explicitly explicitly found found that that the the valuer valuer was was selected selected by by the the property property seller seller ( ( not not independently independently chosen chosen ) ) and and was was directed directed to to value value the the land land " " based based on on the the best best possible possible rezoning rezoning potential potential " " [ [ 2 2 ] ] . . The The valuation valuation employed employed " " the the most most generous generous assumptions assumptions possible possible " " rather rather than than following following standard standard valuation valuation methodology methodology [ [ 2 2 ] ] . . As As the the ANAO ANAO concluded concluded : : " " The The approach approach inflated inflated the the value value of of the the land land , , which which in in turn turn led led to to the the Australian Australian Government Government paying paying more more than than was was proper proper in in the the circumstances circumstances " " [ [ 2 2 ] ] . .
The Australian National Audit Office (ANAO) conducted an official performance audit released in September 2020 and confirmed the excessive pricing [2].
Comparative Comparative analysis analysis demonstrates demonstrates the the scale scale of of overpayment overpayment . . The The NSW NSW Government Government purchased purchased adjacent adjacent land land at at 1.363 1.363 hectares hectares for for $ $ 149 149 , , 000 000 , , equating equating to to approximately approximately $ $ 109 109 , , 000 000 per per hectare hectare [ [ 3 3 ] ] . . The The Commonwealth Commonwealth paid paid approximately approximately $ $ 2.43 2.43 million million per per hectare hectare — — * * * * 22.3 22.3 times times more more than than the the NSW NSW Government Government paid paid for for adjacent adjacent property property * * * * [ [ 3 3 ] ] . .
The ANAO found that the government paid substantially more than proper market value.
缺失背景
The The claim claim ' ' s s characterization characterization as as purchasing purchasing " " several several decades decades earlier earlier than than necessary necessary " " reflects reflects actual actual government government justification justification but but requires requires examination examination . .
The claim's characterization as purchasing "several decades earlier than necessary" reflects actual government justification but requires examination.
Infrastructure Infrastructure Minister Minister Paul Paul Fletcher Fletcher defended defended the the purchase purchase as as " " perfectly perfectly sensible sensible " " for for early early strategic strategic acquisition acquisition of of land land potentially potentially needed needed around around 2050 2050 for for a a second second runway runway [ [ 5 5 ] ] . . However However , , the the ANAO ANAO found found that that this this strategic strategic rationale rationale did did not not justify justify the the flawed flawed process process . . The The ANAO ANAO stated stated : : " " Appropriate Appropriate consideration consideration was was not not given given to to costs costs and and benefits benefits when when deciding deciding to to acquire acquire the the land land early early " " [ [ 2 2 ] ] . . Critically Critically , , no no formal formal cost cost - - benefit benefit analysis analysis comparing comparing early early acquisition acquisition costs costs against against future future purchase purchase costs costs was was performed performed — — a a step step that that should should have have been been mandatory mandatory for for such such a a significant significant decision decision [ [ 2 2 ] ] . .
Infrastructure Minister Paul Fletcher defended the purchase as "perfectly sensible" for early strategic acquisition of land potentially needed around 2050 for a second runway [5].
The The claim claim also also omits omits the the procedural procedural failures failures identified identified by by the the ANAO ANAO . . Decision Decision - - maker maker briefings briefings deliberately deliberately presented presented only only confirming confirming evidence evidence for for the the high high price price and and * * * * explicitly explicitly omitted omitted reference reference to to other other valuations valuations of of the the land land * * * * [ [ 2 2 ] ] . . The The briefings briefings omitted omitted the the fact fact that that the the government government ' ' s s price price exceeded exceeded all all known known market market valuations valuations — — a a material material omission omission that that undermined undermined informed informed decision decision - - making making [ [ 2 2 ] ] . . The The ANAO ANAO concluded concluded : : " " This This approach approach was was misleading misleading and and did did not not support support informed informed decision decision - - making making " " [ [ 2 2 ] ] . .
However, the ANAO found that this strategic rationale did not justify the flawed process.
The The timing timing of of the the purchase purchase coincided coincided with with suspicious suspicious donor donor activity activity . . The The property property seller seller , , Leppington Leppington Pastoral Pastoral Company Company ( ( owned owned by by the the Perich Perich family family ) ) , , donated donated * * * * $ $ 58 58 , , 800 800 to to the the Liberal Liberal Party Party * * * * in in 2018 2018 - - 19 19 — — the the same same year year as as the the land land purchase purchase [ [ 6 6 ] ] . . Additionally Additionally , , six six staff staff members members in in the the Department Department ' ' s s Western Western Sydney Sydney Unit Unit declared declared conflicts conflicts of of interest interest with with the the transaction transaction , , and and one one employee employee with with a a declared declared conflict conflict was was allowed allowed to to continue continue on on the the key key acquisition acquisition project project [ [ 6 6 ] ] . .
The ANAO stated: "Appropriate consideration was not given to costs and benefits when deciding to acquire the land early" [2].
An An additional additional contradiction contradiction emerged emerged : : the the same same land land was was immediately immediately leased leased back back to to the the seller seller under under a a 10 10 - - year year arrangement arrangement with with 10 10 - - year year renewal renewal options options ( ( 20 20 - - year year total total ) ) . . For For lease lease valuation valuation purposes purposes , , the the land land was was assessed assessed at at only only * * * * $ $ 920 920 , , 000 000 * * * * — — contradicting contradicting the the $ $ 29.8 29.8 million million purchase purchase valuation valuation [ [ 3 3 ] ] . . This This suggests suggests the the government government ' ' s s own own subsequent subsequent assessment assessment valued valued the the land land at at approximately approximately 3% 3% of of the the purchase purchase price price . .
Critically, no formal cost-benefit analysis comparing early acquisition costs against future purchase costs was performed—a step that should have been mandatory for such a significant decision [2].
来源可信度评估
The The original original sources sources provided provided include include the the ABC ABC News News ( ( mainstream mainstream broadcaster broadcaster with with strong strong fact fact - - checking checking reputation reputation ) ) and and The The New New Daily Daily ( ( independent independent progressive progressive news news outlet outlet ) ) . . Both Both sources sources report report on on the the ANAO ANAO audit audit findings findings , , which which are are the the authoritative authoritative primary primary sources sources for for this this claim claim . .
The original sources provided include the ABC News (mainstream broadcaster with strong fact-checking reputation) and The New Daily (independent progressive news outlet).
The The ABC ABC ' ' s s coverage coverage is is based based on on official official ANAO ANAO documentation documentation and and represents represents factual factual reporting reporting of of audit audit findings findings [ [ 1 1 ] ] . . The The New New Daily Daily ' ' s s reporting reporting similarly similarly focuses focuses on on audit audit conclusions conclusions and and government government statements statements [ [ 2 2 ] ] . . Both Both sources sources appropriately appropriately attribute attribute findings findings to to official official government government auditors auditors rather rather than than speculation speculation . .
Both sources report on the ANAO audit findings, which are the authoritative primary sources for this claim.
The The most most significant significant source source credibility credibility issue issue is is with with sources sources * * * * not not provided provided with with the the claim claim * * * * : : the the government government ' ' s s defense defense . . Minister Minister Fletcher Fletcher later later claimed claimed valuations valuations were were " " not not disclosed disclosed even even to to senior senior officials officials , , " " but but Senate Senate documents documents released released in in 2021 2021 proved proved Fletcher Fletcher knew knew about about and and personally personally endorsed endorsed the the price price in in 2018 2018 [ [ 7 7 ] ] . . His His later later defense defense was was contradicted contradicted by by his his own own contemporaneous contemporaneous written written approval approval , , demonstrating demonstrating that that defense defense arguments arguments should should be be viewed viewed skeptically skeptically . .
The ABC's coverage is based on official ANAO documentation and represents factual reporting of audit findings [1].
⚖️
工党对比
* * * * Did Did Labor Labor do do something something similar similar ? ? * * * *
**Did Labor do something similar?**
Search conducted: "Labor government controversial land acquisitions," "Labor government land valuation controversy," "Labor government airport land purchases," and "Labor government Infrastructure Department audits excessive spending"
Finding: Labor governments have faced various land acquisition controversies (e.g., the Australian Workplace Relations Centre in Canberra purchased during Labor administration), but no equivalent case involving a 10-fold valuation discrepancy has been identified in comparable audit reports [8].
Search Search conducted conducted : : " " Labor Labor government government controversial controversial land land acquisitions acquisitions , , " " " " Labor Labor government government land land valuation valuation controversy controversy , , " " " " Labor Labor government government airport airport land land purchases purchases , , " " and and " " Labor Labor government government Infrastructure Infrastructure Department Department audits audits excessive excessive spending spending " "
More significantly, when Labor was in power, such a transaction would likely have faced similar ANAO scrutiny—the Coalition's misadventure was only identified because the ANAO conducted a performance audit during the Coalition's watch.
Finding Finding : : Labor Labor governments governments have have faced faced various various land land acquisition acquisition controversies controversies ( ( e e . . g g . . , , the the Australian Australian Workplace Workplace Relations Relations Centre Centre in in Canberra Canberra purchased purchased during during Labor Labor administration administration ) ) , , but but no no equivalent equivalent case case involving involving a a 10 10 - - fold fold valuation valuation discrepancy discrepancy has has been been identified identified in in comparable comparable audit audit reports reports [ [ 8 8 ] ] . . More More significantly significantly , , when when Labor Labor was was in in power power , , such such a a transaction transaction would would likely likely have have faced faced similar similar ANAO ANAO scrutiny scrutiny — — the the Coalition Coalition ' ' s s misadventure misadventure was was only only identified identified because because the the ANAO ANAO conducted conducted a a performance performance audit audit during during the the Coalition Coalition ' ' s s watch watch . .
The broader context: Government agencies across both Labor and Coalition administrations have made questionable land acquisitions and received ANAO criticism.
The The broader broader context context : : Government Government agencies agencies across across both both Labor Labor and and Coalition Coalition administrations administrations have have made made questionable questionable land land acquisitions acquisitions and and received received ANAO ANAO criticism criticism . . However However , , the the Leppington Leppington Triangle Triangle case case is is notable notable for for the the systematic systematic nature nature of of the the process process failures failures — — seller seller - - selected selected valuer valuer , , omitted omitted valuations valuations , , misleading misleading briefings briefings — — rather rather than than isolated isolated judgment judgment errors errors [ [ 2 2 ] ] . .
However, the Leppington Triangle case is notable for the systematic nature of the process failures—seller-selected valuer, omitted valuations, misleading briefings—rather than isolated judgment errors [2].
🌐
平衡视角
While While critics critics argue argue the the purchase purchase represents represents gross gross mismanagement mismanagement or or worse worse , , the the government government stated stated the the early early acquisition acquisition had had strategic strategic merit merit for for planning planning purposes purposes around around a a second second runway runway [ [ 5 5 ] ] . . However However , , the the ANAO ANAO ' ' s s examination examination reveals reveals that that the the strategic strategic rationale rationale does does not not validate validate the the process process failures failures . .
While critics argue the purchase represents gross mismanagement or worse, the government stated the early acquisition had strategic merit for planning purposes around a second runway [5].
Even Even accepting accepting the the government government ' ' s s justification justification for for early early acquisition acquisition , , the the ANAO ANAO found found that that : :
However, the ANAO's examination reveals that the strategic rationale does not validate the process failures.
- - Appropriate Appropriate cost cost - - benefit benefit analysis analysis was was not not performed performed to to justify justify the the early early purchase purchase [ [ 2 2 ] ]
Even accepting the government's justification for early acquisition, the ANAO found that:
- Appropriate cost-benefit analysis was not performed to justify the early purchase [2]
- The valuation process was fundamentally compromised by seller influence [2]
- Briefings to decision-makers were deliberately misleading through selective information presentation [2]
- The process "fell short of ethical standards" [2]
Independent analysis from the ANAO (an agency with bipartisan support and reputation for rigor) suggests this was not merely poor judgment but systematic process failure [2].
- - The The valuation valuation process process was was fundamentally fundamentally compromised compromised by by seller seller influence influence [ [ 2 2 ] ]
The fact that eight of nine valuations contradicted the accepted price suggests either unusually poor valuation practices or deliberate selection of an inflated valuation [3].
- - Briefings Briefings to to decision decision - - makers makers were were deliberately deliberately misleading misleading through through selective selective information information presentation presentation [ [ 2 2 ] ]
Criminal investigation by the Australian Federal Police concluded there was "no evidence of criminal conduct" (Operation Verraten, 2020-2021) [9].
- - The The process process " " fell fell short short of of ethical ethical standards standards " " [ [ 2 2 ] ]
This finding is important but limited in scope—it indicates no fraudulent intent or criminality, but it does **not** validate the administrative process or decision quality.
Independent Independent analysis analysis from from the the ANAO ANAO ( ( an an agency agency with with bipartisan bipartisan support support and and reputation reputation for for rigor rigor ) ) suggests suggests this this was was not not merely merely poor poor judgment judgment but but systematic systematic process process failure failure [ [ 2 2 ] ] . . The The fact fact that that eight eight of of nine nine valuations valuations contradicted contradicted the the accepted accepted price price suggests suggests either either unusually unusually poor poor valuation valuation practices practices or or deliberate deliberate selection selection of of an an inflated inflated valuation valuation [ [ 3 3 ] ] . .
The ANAO's findings of misleading briefings and process failures remain undisputed regardless of the AFP's criminal investigation outcome [2].
Criminal Criminal investigation investigation by by the the Australian Australian Federal Federal Police Police concluded concluded there there was was " " no no evidence evidence of of criminal criminal conduct conduct " " ( ( Operation Operation Verraten Verraten , , 2020 2020 - - 2021 2021 ) ) [ [ 9 9 ] ] . . This This finding finding is is important important but but limited limited in in scope scope — — it it indicates indicates no no fraudulent fraudulent intent intent or or criminality criminality , , but but it it does does * * * * not not * * * * validate validate the the administrative administrative process process or or decision decision quality quality . . The The ANAO ANAO ' ' s s findings findings of of misleading misleading briefings briefings and and process process failures failures remain remain undisputed undisputed regardless regardless of of the the AFP AFP ' ' s s criminal criminal investigation investigation outcome outcome [ [ 2 2 ] ] . .
The conflict of interest context is noteworthy: the seller's subsequent $58,800 donation to the Liberal Party in the same year creates appearance of impropriety, though without evidence of quid pro quo [6].
The The conflict conflict of of interest interest context context is is noteworthy noteworthy : : the the seller seller ' ' s s subsequent subsequent $ $ 58 58 , , 800 800 donation donation to to the the Liberal Liberal Party Party in in the the same same year year creates creates appearance appearance of of impropriety impropriety , , though though without without evidence evidence of of quid quid pro pro quo quo [ [ 6 6 ] ] . . The The government government did did lease lease the the land land back back to to the the seller seller for for 20 20 years years , , suggesting suggesting the the government government was was not not entirely entirely unhappy unhappy with with the the arrangement arrangement , , but but this this does does not not explain explain the the valuation valuation methodology methodology problems problems . .
The government did lease the land back to the seller for 20 years, suggesting the government was not entirely unhappy with the arrangement, but this does not explain the valuation methodology problems.
**Key context:** The core issue is not unique to the Coalition in terms of governmental land acquisitions, but the magnitude of the valuation discrepancy (10-fold) and the systematic nature of process failures (seller-selected valuer, omitted information, misleading briefings) are exceptionally serious and would likely draw similar criticism if perpetrated by any government.
* * * * Key Key context context : : * * * * The The core core issue issue is is not not unique unique to to the the Coalition Coalition in in terms terms of of governmental governmental land land acquisitions acquisitions , , but but the the magnitude magnitude of of the the valuation valuation discrepancy discrepancy ( ( 10 10 - - fold fold ) ) and and the the systematic systematic nature nature of of process process failures failures ( ( seller seller - - selected selected valuer valuer , , omitted omitted information information , , misleading misleading briefings briefings ) ) are are exceptionally exceptionally serious serious and and would would likely likely draw draw similar similar criticism criticism if if perpetrated perpetrated by by any any government government . .
部分属实
8.5
/ 10
The The $ $ 29.8 29.8 million million purchase purchase price price versus versus $ $ 3 3 million million to to $ $ 6 6 million million fair fair value value estimates estimates , , the the seller seller - - selected selected valuer valuer using using inflated inflated assumptions assumptions , , and and the the deliberate deliberate omission omission of of eight eight contradictory contradictory valuations valuations from from decision decision - - maker maker briefings briefings are are all all documented documented by by official official audit audit [ [ 2 2 ] ] . . The The strategic strategic justification justification for for early early acquisition acquisition does does not not excuse excuse the the process process failures failures identified identified by by the the independent independent ANAO ANAO [ [ 2 2 ] ] . .
The $29.8 million purchase price versus $3 million to $6 million fair value estimates, the seller-selected valuer using inflated assumptions, and the deliberate omission of eight contradictory valuations from decision-maker briefings are all documented by official audit [2].
最终评分
8.5
/ 10
部分属实
The The $ $ 29.8 29.8 million million purchase purchase price price versus versus $ $ 3 3 million million to to $ $ 6 6 million million fair fair value value estimates estimates , , the the seller seller - - selected selected valuer valuer using using inflated inflated assumptions assumptions , , and and the the deliberate deliberate omission omission of of eight eight contradictory contradictory valuations valuations from from decision decision - - maker maker briefings briefings are are all all documented documented by by official official audit audit [ [ 2 2 ] ] . . The The strategic strategic justification justification for for early early acquisition acquisition does does not not excuse excuse the the process process failures failures identified identified by by the the independent independent ANAO ANAO [ [ 2 2 ] ] . .
The $29.8 million purchase price versus $3 million to $6 million fair value estimates, the seller-selected valuer using inflated assumptions, and the deliberate omission of eight contradictory valuations from decision-maker briefings are all documented by official audit [2].