Peter Dutton offloads $12m property empire as fight for top job heats up

Liberal leader Peter Dutton has been off-loading multi-million dollar properties at a rapid clip as the fight for who will be the next PM heats up.

Liberal leader Peter Dutton has been off-loading multi-million dollar properties at a rapid clip as his proximity to the top job grows closer with a $12 million real estate sell-off since 2020.

According to his current disclosures to Parliament, Mr Dutton currently owns only a single property, a farm in Dayboro just north of Brisbane that he bought for $2.165 million in 2020.

But in recent years Mr Dutton sold an investment property on the Gold Coast for $6 million in 2022 after buying it in 2014 for $2.325 million.

He possibly should have hung onto it though as it’s now valued at $9 million according to online estimators - twice the value of the Prime Minister’s $4 million retirement home in Copacabana.

Peter Dutton (with wife Kirrily) has been off-loading properties over the last few years. Picture: Peter Wallis

Dutton secured a massive payday after offloading this Gold Coast investment home for $6m in 2022 after buying it in 2014 for $2.325 million

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News.com.au revealed this week that the Prime Minister had quietly rented the clifftop Central Coast property out while refusing to detail how much rent he is receiving.

It has now emerged that he could be getting even more than first estimated, with the property advertised for $1500 a week rent or $78,000 a year.

Mr Albanese also rents out his family home in Marrickville for a reported $1350 a week or $70,000 a year. It’s still not clear exactly what the final rent secured was as the Prime Minister’s office won’t disclose it.

Four years ago, Mr Dutton himself capitalised on the booming Gold Coast real estate market, listing his luxury beachfront property for auction before securing a record $6 million payday.

The two-storey Palm Beach pad occupied a prime 546 sqm plot at 109 Jefferson Lane, one of the city’s most exclusive beachfront strips.

Marketing agent Troy Dowker said the size of the block and an adjoining nature reserve were key selling points.

“The block is larger than the standard 412 sqm and borders parkland which means you’ve not got a neighbour to the north,” he said.

“That open outlook really maximises the vantage points looking north to Burleigh Heads, the city skyline and South Stradbroke beyond.”

The Duttons also sold a luxury Brisbane penthouse (view from balcony, above) for $3.47 million in 2022

They had bought the penthouse a year earlier for $2.7 million

The Duttons also sold a luxury Brisbane penthouse for $3.47 million in 2022. The property win came after they purchased it a year earlier for $2.7 million.

While property records did not list the Riparian Plaza pad in the Federal Member for Dickson’s name, the Courier Mail revealed that he sold the plush penthouse in October for $3.47 million - turning a $700,000 profit in just 12 months.

However, the Duttons may have had other property holdings tied up in their investments Dutton Holdings (Qld) P/L, PK Super (Qld) P/L and RHT Investments (Qld) P/L which is controlled by his wife.

Dutton Holdings (Qld) P/L and Bald Hills Child Care P/L were voluntarily deregistered in 2022.

In 2022, Mr Dutton’s wife also sold a Townsville investment property — which had been held by a family trust that she is the beneficiary of for $840,000 after purchasing it in 2016 for $760,000.

This proved a great price because it was sold again in 2024 at a substantial loss for just $700,000.

Dutton’s stunning beachfront property (above) is now valued at $9 million according to online estimators

Mr Dutton’s wife sold a Townsville investment property in 2022 (above) — which had been held by a family trust that she is the beneficiary of - for $840,000 after purchasing it in 2016 for $760,00

The property sparked controversy in 2020 after it emerged Mr Dutton had forgotten to list it on his parliamentary property records in a blunder his office is blamed on simple human error.

The breach of the rules is regarded as a potential “serious contempt” of Parliament.

It subsequently emerged that a company owned by Mr Dutton’s wife had paid its overdue rates in a last-ditch effort to avoid the forced auction of a Townsville property.

The Townsville Bulletin revealed that Edison Plaza in Wulguru was on a list of properties set to be auctioned due to unpaid rates and charges.

Townsville City Council published the list, with 35 Edison St, owned by Kirilly Dutton’s investment company RHT Investments, among 42 properties included.

However, Mr Dutton’s office contacted the newspaper swiftly to confirm the remaining rates had been paid.

Then Colliers said they sold it in March, 2022. However, parliament’s register of interests wasn’t updated until August 2022. It’s not clear if there was a long settlement that explains the discrepancy. News.com.au has contacted Mr Dutton’s office for comment.

In 2020 Dutton and Kirilly sold their family home in Camp Mountain for $1.8 million, which they had bought in 2004 for $710,000.

In 2019, Mr Dutton sold his Canberra apartment for $540,000.

The family super fund PK super (QLD) also appears to have been deregistered in March, 2024.

However, Mr Dutton’s office does not appear to have updated the register until just days ago in late January, 2025.

Originally published as Peter Dutton offloads $12m property empire as fight for top job heats up