The West Australian government is prepared to sell its buildings and land to reduce its debt if the right offer comes along.
Lands minister Terry Redman said on Wednesday that he would introduce a proposal to allow unsolicited bids on government assets to Cabinet in the near future.
Mr Redman said a "framework" would be in place to reduce the risk of lobbying by property developers and that bids would be judged by Cabinet on a case-by-case basis.
The government has also identified 40 land packages that will be prepared for sale in addition to the 20 it announced in September.
The new assets include Old Cottesloe Cable Station, Claremont Police Station and three disused school sites.
Premier Colin Barnett said most of the new assets were vacant land that was not being used.
"This is a well-organised, planned, progressive sale of surplus government property and the proceeds will be used to reduce debt," Mr Barnett said.
In August last year, the WA government announced the planned sale of the Utah Point iron ore export terminal at Port Hedland, the Kwinana Bulk Terminal and Market City in Canning Vale, both in Perth's south.
The next month - when Mr Barnett rejected federal Treasurer Joe Hockey's criticism of WA's privatisation track record - 20 land assets including Fremantle Police Station, heritage-listed East Perth Power Station and land around the Cottesloe School for the Deaf were added to the list.
So far, just two land assets have been sold, netting $21.2 million.
The WA government also seeks to sell betting agency TAB and offload Fremantle port, WA's only container terminal.
When the state government handed down its first deficit in 15 years in May's budget, it said it sought to raise between $3 billion and $5 billion from the sales by next year's budget.
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