The Australian federal government is one of the largest renters of property in the country.

The nation spends $2 billion on commercial office accommodation for 94 departments, occupying 3 million square metres, but Assistant Finance Minister David Coleman is looking to save $200 million over the next four years.

He tells Ross Greenwood it’s all about “sensible consolidation”.

“We’ve identified $300 million in savings already through Operation Tetris which is about bringing together departments where it’s sensible to do so.”

“What I’m looking at is, can we do that in a smart way, can we make savings?”

Click PLAY below to hear the full interview