Australia to sell historic buildings to fund defence expansion

Australia plans to sell over 60 properties, including historic buildings and a golf course, to fund a major expansion of its defense capabilities, estimating A$3 billion in sales. The sales, identified as surplus by a Defence Department audit, are expected to generate A$1.8 billion in net revenue after staff relocations. This initiative is part of a significant defense buildup in response to China's military rise, focusing on new naval vessels and weapons systems, particularly in northern bases.