Former Labor MP sells $25m Vaucluse trophy home to buy $35m mansion

Ros Kelly and her husband, who used to be Westpac’s CEO, have swapped their desirable dwelling for a more expensive house in the same elite Sydney suburb.

Lucy Macken

Dec 13, 2021 – 7.50am

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Former Labor MP Ros Kelly and her husband, former Westpac chief David Morgan, were supposed to be trading down their eastern suburbs real estate when they sold their $25 million waterfront home in Vaucluse this month.

After all, the couple often spend time at their long-held Southern Highlands property. There are also frequent trips to the US given Morgan’s role as Europe and Asia Pacific chairman of New York-headquartered private equity investment giant JC Flowers.