Bollier Park, a prized 973ha cattle estate, was purchased by the Government for $25.3 million in 2007.

Property experts say it would fetch between $13-16 million in current conditions.

In November, The Courier-Mail revealed the value of the remaining 472 Mary Valley government-owned properties had slumped from $449.5 million to $225 million. The Office of the Coordinator-General, responsible for the long-term management and sale of the estates, is pushing on with a sell-off despite a poor start.

Only two properties have sold - at a combined loss of $253,000.

A spokesman for the Coordinator-General said a dozen - including Bollier Park - would go on the market in coming months.

by: Peter Hall From: The Courier-Mail January 16, 2012

THE Bligh government has been caught out in yet another embarrassing IT gaffe – this time involving the Queensland Treasury Corporation which has blown another $15 million of taxpayers’ money on dumped finance platforms.

LNP Shadow Minister for Information and Communication Technology Ros Bates said the revelation QTC axed IT company Temenos’ $7.5 million contract and dumped a similar amount on internal work that won’t continue, proved Labor’s IT disasters were not just confined to the Health department.

 “This latest costly IT gaffe comes on top of the recent revelation Labor has wasted $46 million on its inter-departmental email system costing $23,000 per user, as well as the problem-plagued OneSchool roll-out and the long running health payroll debacle costing more than $220 million to fix.

“Once again we are seeing evidence that major IT projects have cost Queensland taxpayers hundreds of millions of dollars more than they should have because of the incompetence of this tired, 20 year old Labor Government.

“Labor just can’t get IT basics right and Queensland taxpayers are paying the price,” said Ms Bates.