A list of Australia’s top property investment politicians has been revealed amid mounting pressure on the government to fix the country’s housing crisis.
As many Australians struggle to find somewhere to live and cope with rising rent and mortgage costs, it was recently revealed that the top 15 politicians own 88 homes between them.
Analysis of the Register of Interests of the Deputies of the 47th Legislature carried out by Real estate.com.au It was found that 95 per cent of Australia’s 227 federal politicians are homeowners.
Only 10 deputies or senators did not have properties in their name.
While Queensland-based Fisher MP Andrew Wallace does not technically have any property linked to his name, his wife owns homes in Wurtulla on the Sunshine Coast and in Kelowna, Canada.
Two of his companies, Wallco Property Group and QHF Properties, also own extensive property portfolios, with the former alone involved in more than a dozen real estate transactions.
Wallco currently owns land at Monkland and Bli Bli, both in Queensland. The second home is currently for sale and is accepting “best offers”.
Mr Wallace also sold a five-unit property in Bargara, south-east Queensland, last year for a profit of $1.295 million.
A list of Australia’s top political property investors has been revealed, but Prime Minister Anthony Albanese (centre right) has failed to crack the top 15
Andrew Wallace’s company, Wallco Property Group, is involved in more than a dozen property transactions and currently owns this Bli Bli home on Queensland’s Sunshine Coast, listed for sale and accepting “best offers.”
Nola Marino, the Western Australia-based MP for Forrest, owned the largest property portfolio on the register, with eight properties totalling more than 380 hectares.
Almost all are farms used for the production of milk, meat and hay, as well as for the sale, breeding, racing and rental of thoroughbred horses.
They have been jointly owned by her husband for decades and the couple only owns one residential property.
Labor’s Brendan O’Connor (Gorton, Victoria), Labor’s Dr Michelle Ananda-Rajah (Higgins, VIC) and Liberal National’s Karen Andrews (McPherson, Queensland) each own seven properties.
Mr O’Connor’s properties are in Niddrie, Keilor, Fitzroy and Lorne, while his partner owns homes in Euroa, Longwood and Creightons Creek.
Dr Ananda-Rajah co-owns real estate with her partner in Porepunkah, North Melbourne, North Carlton and Canterbury in Victoria, Beaumaris in Tasmania and two properties in Brisbane.
Ms Andrews recently sold one of her seven properties in Ayr, in Queensland’s Burdekin region, but quickly made up for the lack of real estate by purchasing another investment in Toowoomba.
She also co-owns properties in Deniliquin in the Riverina, New South Wales, the mining town of Kalgoorlie in Western Australia, two on the Gold Coast and another in nearby Mudgeeraba.
While Fisher Queensland MP Andrew Wallace (pictured) does not have any property directly linked to his name, his wife owns homes on the Sunshine Coast and in Canada.
Forrest MP Nola Marino owns mostly agricultural real estate in Western Australia, including this property
Three other members own six properties each.
Tasmanian Liberal Gavin Pearce owns four properties in Lapoinya, one in Myalla and one under his partner’s name in Arthur River.
Labor’s Louise Miller-Frost (Boothby, South Australia) has property holdings in Cumberland, Canberra, as well as five properties in South Australia.
Anthony Burke’s (Watson, NSW) properties are located in Punchbowl – NSW, Meander Valley – TAS, Belconnen – ACT, Port Phillip – VIC and in Tasmania Sorell and Huon Valley.
Seven members – Antonio Zappia (Makin, South Australia), Deborah O’Neill (NSW, Senate), Andrew Charlton (Parramatta, NSW), Catryna Bilyk (TAS, Senate), Andrew Willcox (Dawson, Queensland), Gerard Rennick (Queensland Senate), Colin Boyce (Flynn, Queensland) – each own five properties spread across Australia.
Prime Minister Anthony Albanese has a slightly less impressive portfolio, with just three properties, all located in some of Australia’s fast-growing suburbs.
Wallace’s company also sold a five-unit property in Bargara (pictured), south-east Queensland, last year for a profit of $1.295 million.
The Prime Minister owns a residential property in Canberra, a residential property in Marrickville and an investment property in nearby Dulwich Hill in Sydney’s central west.
Opposition Leader Peter Dutton owns two properties: a residential/farm in rural Dayboro and an investment in Brisbane.
He is also listed as co-owner of another investment property in Brisbane with his wife, Kirrily.
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