Maintaining a property plan
Benefits of maintaining a property plan and what it should cover.
Property planning benefits
A good property plan helps your agency:
- understand your current portfolio and future needs
- ensure property decisions align with your organisation’s strategy, workforce needs and service delivery
- prioritise investments and manage costs over time
- manage leases and buildings effectively
- track the benefits of workplace changes
- have better informed planning conversations with the Government Property Office (GPO)
- identify whether your property intentions align with the direction set in the Government Office Strategy, which is central to our lease approval process.
Developing a property plan
Property plans have two parts:
- Strategic – your long-term direction.
- Operational – actions to take in the next few years.
Larger agencies need a more detailed, long-term property plan, while smaller agencies can use a simpler approach with a short to medium-term focus. Talk to us about the best planning approach for your agency.
A good property plan generally has the following sections
1. Overview
- Purpose of the plan.
- How property supports the agency's work and outcomes.
2. Planning environment
- Government and sector drivers.
- Organisational strategies that influence property, including workforce and digital.
- Key roles, responsibilities and stakeholders.
3. Portfolio snapshot
- Number, type and location of sites.
- Footprint, occupancy and use of space, ownership/lease mix.
- Key issues and constraints.
4. Strategic direction
- Vision for the future portfolio.
- Strategic objectives and property principles.
- Roadmap showing how the agency will achieve its objectives.
- Indicators of success.
5. Site/regional plans
- Description of each site or region.
- Key site metrics such as footprint, people and workstations.
- Intended investments and actions.
- Lease expiry profile.
6. Work programme
- Planned investments and activities – giving consideration to Treasury's Investment Management System
- Criteria used to prioritise investments.
7. Risks, challenges and assumptions
- Key external and internal risks.
- Planning assumptions.
- Approach to mitigating risks.