Victorian Labor MPs labelled ‘property barons’

Gus McCubbing and Patrick Durkin

Updated May 25, 2023 – 7.02pm, first published at 5.55pm

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More than half of Victorian Labor MPs own more than one property, with government cabinet ministers Lily D’Ambrosio, Jaclyn Symes, Mary-Anne Thomas, Danny Pearson and Steve Dimopoulos, owning 21 additional properties between them.

Owners of investment properties and holiday homes have come under fire during this week’s state budget, slugged an extra $4.6 billion in tax over the next four years to help pay down Victoria’s growing $170 billion debt.

Gus McCubbing is a markets reporter in the Melbourne newsroom. He was previously the Australian Financial Review’s Victorian political correspondent.

Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership.