Albanese government to sell off $3bn worth of historic defence sites amid push to free up space for new homes

Richard Marles has decided to sell more than 60 properties, including Victoria Barracks in Sydney, Melbourne and Brisbane Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The federal government will sell off $3bn in defence properties around the country, after a major audit of land holdings found they served no useful strategic value. Defence sites – including Victoria Barracks in Sydney, Melbourne and Brisbane – will be sold after the multi-year audit, tasked with identifying surplus and costly property holdings, often costing millions to maintain.