NewsBite

How many properties does your federal politician already own?

As the housing supply crisis escalates, over 40 federal politicians are set for life with four or more properties worth millions today. Search the full list for every MP.

Property and housing is a major issue for Australia’s politicians with thousands homeless and many more unable to afford to buy a home now.
Property and housing is a major issue for Australia’s politicians with thousands homeless and many more unable to afford to buy a home now.

As the housing supply crisis escalates, over 40 federal politicians are set for life with four or more properties worth millions today, with the most prolific buying across states.

A massive 95 per cent of senators and members of parliament hold real estate interests, with property a popular avenue to sink their investment dollars into as well, according to analysis of the federal register of interests by News Corp Network.

Australia’s national politicians and their spouses or partners owned over 530 homes across the country as at February, averaging just over 2 per member or senator, and over half have investment properties, the analysis found.

MORE: ‘Tent city’ breakdown: 91 per cent of suburbs in crisis as rents surge

‘Ridiculously popular’: Dozens of bidders push Brisbane knockdown over reserve

Prime Minister Anthony Albanese’s Marrickville home – listed for rent in real estate records in January at over $1,300 a week – was changed into an investment and named as rental income, given he is now living in the official PM’s residence earlier this year.

Opposition Leader Peter Dutton sold his investment property located in Brisbane CBD last year and held one residential property as his home earlier this year.

By far the biggest landholder in federal parliament was Liberal Nola Marino (Forrest, WA) who has eight properties spanning a massive 380-plus hectares, according to records to February.

Mrs Marino declared seven properties in her own name on the register, with property records showing one purchased as early as almost 35 years ago, securing 21.14Ha for $300,000. Only one property on her list was residential with the rest centred on farming – including an eighth property listed as owned by her husband.

Doing their best to boost affordable housing supply is a major challenge for Canberra’s politicians.
Doing their best to boost affordable housing supply is a major challenge for Canberra’s politicians.

Labor’s Dr Michelle Ananda-Rajah (Higgins, VIC) and Liberal National Karen Andrews (McPherson, QLD) tied for equal second highest number of properties owned with seven apiece.

Dr Ananda-Rajah has four joint holdings with her spouse in Porepunkah, VIC, Beaumaris, TAS, Canterbury, VIC, and North Melbourne, VIC, with another Victorian property in North Carlton and two interstate investments in Brisbane, QLD.

Mrs Andrews was also an interstate investor, holding one property in Deniliquin, NSW and another in Kalgoorlie, Western Australia as investments – apart from five others jointly owned with her husband in Queensland across Mudgeeraba, Palm Beach, Clear Island Waters and Ayr.

The Queensland federal member – who has announced she is leaving parliament for good at the end of her current term – is well set up for retirement with at least one of her houses bought over two decades ago as low as $155,000.

New housing developments on the outskirts of major population centres are a popular option for buyers priced out of established housing.
New housing developments on the outskirts of major population centres are a popular option for buyers priced out of established housing.

MORE:Amy Shark confirms move to Sydney ahead of hot third album

Seeing double: ‘Ryan Reynolds’ is buying property in Queensland

Over 80 per cent of Australia’s federal politicians confirmed they had other income streams ranging from spouse’s wages to stock dividends, payments from family trusts, book royalties and rental income.

Only 60 per cent of those who owned real estate investments declared receiving rental income from them on the federal register in February. While some members of parliament have included income derived from rental properties in their submissions to the register, MPs are not required under the rules to divulge the precise figure.

FOLLOW SOPHIE FOSTER ON X

When will housing supply increase?

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

Original URL: https://www.couriermail.com.au/property/how-many-properties-does-your-federal-politician-already-own/news-story/a6776f9517eb5e43230fcaac6d99b0fd