A list of Australia’s top politician property investors as been revealed amid rising pressure for the government to fix the country’s housing crisis.
While many Aussies are struggling to find somewhere to live and afford increasing rent prices and mortgages, it was recently revealed the top 15 politician property owners own 88 homes between them.
Analysis of the Register of Members’ Interests of the 47th parliament completed by Realestate.com.au found 95 per cent of Australia’s 227 federal politicians are homeowners.
Only 10 MPs or senators had no properties under their name.
While Queensland-based Fisher MP Andrew Wallace technically has no property tied to his name, his wife owns homes in Wurtulla on the Sunshine Coast, and Kelowna, Canada.
Two of his companies – Wallco Property Group and QHF Properties – also host an extensive property portfolio with the former alone involved in more than a dozen real estate deals.
Wallco currently owns land in Monkland and Bli Bli, both in Queensland. The second home is currently listed for sale, accepting ‘best offers’.
Mr Wallace also sold a five-unit property in Bargara in south-east Queensland last year for a $1.295million profit.
A list of Australia’s top politician property investors as been revealed with Prime Minister Anthony Albanese (centre right) failing to crack the top 15
Andrew Wallace’s company Wallco Property Group is involved in over a dozen property deals and currently owns this Bli Bli home on Queensland’s Sunshine Coast listed for sale, accepting ‘best offers’.
Western Australian-based Forrest MP Nola Marino held the largest property portfolio on the register with eight properties totalling 380-plus hectares.
Almost all are farms used for the production of dairy, beef and hay as well as sales, breeding, racing and leasing thoroughbred horses.
They have been owned alongside her spouse for decades with the couple only owning one residential property.
Labor’s Brendan O’Connor (Gorton, Victoria), Labor’s Dr Michelle Ananda-Rajah (Higgins, VIC) and Liberal National 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
Mrs Andrews recently sold one of her seven properties in Ayr in Queensland’s Burdekin region but quickly made up for the missing real estate through the purchase of another investment in Toowoomba.
She also co-owns property in Deniliquin in the NSW Riverina, the Western Australian mining town of Kalgoorlie, two on the Gold Coast and another in nearby Mudgeeraba.
While Andrew Wallace (pictured), member for Fisher – Queensland, has no property directly tied to his name, his wife owns homes on the Sunshine Coast and in Canada
Forrest MP Nola Marino primarily owns real estate in Western Australia for farming, including this property
Three more members own six properties each.
Tasmanian-based Liberal Gavin Pearce owns four properties in Lapoinya, one in Myalla and another under his partner’s name in Arthur River.
Labor’s Louise Miller-Frost (Boothby, SA) has real estate in Canberra’s Cumberland, as well as five properties in South Australia.
Anthony Burke (Watson, NSW) properties are in Punchbowl – NSW, Meander Valley – TAS, Belconnen – ACT, Port Phillip – VIC, and in Tasmania Sorell and Huon Valley.
Seven members – Labor’s Antonio Zappia (Makin, SA), Deborah O’Neill (NSW, Senate), Andrew Charlton (Parramatta, NSW), Catryna Bilyk (TAS, Senate), Andrew Willcox (Dawson, QLD), Gerard Rennick (QLD Senate), Colin Boyce (Flynn, QLD) – each own five properties spread throughout Australia.
Prime Minister Anthony Albanese has a slightly less impressive portfolio with just three properties- all located in some Australia’s rapidly growing suburbs.
Mr Wallace’s company also sold a five-unit property in Bargara (pictured) in south-east Queensland last year for a $1.295million profit
The prime minister owns a residential property in Canberra, another residential in Marrickville and an investment property in nearby Dulwich Hill in Sydney’s inner-west.
Opposition Leader Peter Dutton owns two properties – one residential/farm in rural Dayboro and an investment in Brisbane.
He is also listed as co-owning another investment property in Brisbane with his wife, Kirrily.