The Mike Baird Coalition government sold $1 billion of state-owned property in 2013 and 2014, escalating its neoliberal drive to privatise public assets. Office blocks, hospitals, schools and even an island are on the block in this wholesale theft of the people's property, in the interests of the banks and big business.
In 2011–2012, the state government sold assets worth $5 million. In late 2012, it established a new agency, Government Property NSW, to identify and manage the state's substantial real estate holdings.