New Sydney airport land valued at $3m sold for $30m

Taxpayers bought land near Western Sydney Airport for 10 times what it was worth, according to ANAO. Photo: Getty. The Australian Federal Police is investigating the controversial Leppington Triangle property purchase for potential criminal offences. The probe follows the federal infrastructure department paying $30 million for a block of land later valued at just $3 million. The purchase of land from Leppington Pastoral Company, owned by billionaire brothers Tony and Ron Perich, has been the subject of intrigue and scandal since being revealed in a blistering auditor-general report in September. Federal officials were slammed for providing “inadequate and unreliable” advice, which meant taxpayers paied 10 times the true worth of the land near Western Sydney Airport……. https://thenewdaily.com.au/news/2020/10/16/afp-sydney-airport-land-purchase/