NewsBite

ALP shadow treasurer Jim Chalmers on move in Brisbane

Labor Party shadow treasurer Jim Chalmers and wife Laura are upgrading Brisbane homes.

The view from Domain Park.
The view from Domain Park.

The Labor Party shadow treasurer Jim Chalmers and wife Laura are upgrading Brisbane homes. They’ve stayed in his electorate of Rankin, just moving one suburb over from Daisy Hill to Springwood, the suburb he grew up in. Their former home now seeks offers of more than $699,000 after it failed in recent marketing attempts to secure over $750,000. As Chalmers paid $670,000 for the four-bedroom Queenslander in 2010, he probably won’t see much profit after costs including the $24,000 stamp duty. Chalmers, who retains an ACT apartment, was appointed shadow treasurer after the May federal election. The couple have spent $1.02m on a mid-1990s four-bedroom home that has an office. There’s also a rumpus room with a built-in timber bar. The 1700sq m grounds feature a saltwater pool and spa. His assistant shadow treasurer, Stephen Jones, recently spent $690,000 in his electorate of Whitlam, near Wollongong, south of Sydney. The Chalmers family move comes just months after having their third child last December.

Boyd’s first block listed

The South Yarra penthouse on the top level of Domain Park, designed by the celebrated architect Robin Boyd in the 1960s, has been listed. It was the first apartment block Boyd designed. The first residents of Domain Park Flats took up residence in 1962. At the time of completion, it was the tallest residential building in Victoria with views over the Botanic Gardens to Albert Park Lake. There are three bedrooms and one bathroom. Marshall White Stonnington agents Dean Gilbert and Mark Harris have a $4.55m-$5.005m guide for the 20th-level apartment.

Multiplex heirs linked to $8.5m sale

There’s whispers the secretive billionaire Roberts family, heirs to the Multiplex fortune, have quietly spent $8.5m in Cottesloe. The five-bedroom home was sold by Damian Kestel, a former non-executive director at Sun Resources, and wife Kristen, who commissioned the 2011 build after paying $1.4m in 2002. Kestel has also been active in aquaculture pursuits. It will be Cottesloe’s seventh sale of more than $5m since early last year.

Mitchells’ Malvern star

Veteran Melbourne radio presenter Neil Mitchell and wife Selina have swapped classic for contemporary in Malvern. The couple have paid $2,462,500 after selling their nearby Clarence Street home, which cost $65,000 in 1978. They recently sold the home, where they married in the front room in the mid-1980s, for $2.76m. Their new purchase comes with three bedrooms, three bathrooms and a state-of-the-art kitchen. A lift runs from the garage level to the rooftop where there’s an entertaining terrace with barbecue kitchen and views to the Dandenongs. Mitchell has been working at 3AW for more than three decades.

Jonathan Chancellor
Jonathan ChancellorProperty Writer

Jonathan Chancellor is a senior property writer for The Australian's Business Review section. He has been a journalist since the early 1980s in Melbourne and Sydney, and specialises in reporting on the residential property market. Jonathan also writes for the Daily and Sunday Telegraph.

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.theaustralian.com.au/business/property/alp-shadow-treasurer-jim-chalmers-on-move-in-brisbane/news-story/b4fe9b162e7851ab28d64b4b5127a95a