ORDER IN OF REPS
AUSTRALIA’S top 10 property-rich pollies are worth millions – with Queenslanders leading the list of well-stacked real estate portfolios.
But when it comes to value, the big hitters from NSW have leapfrogged the pack, especially those who’ve put money into pieces of booming Sydney suburbs.
The top property-rich federal parliamentarian was Queensland Senator Barry O’Sullivan, a grazier and former policeman whose 42 properties beat even billionaire Clive Palmer’s listings.
An analysis of the properties owned up to by federal pollies shows Clive Palmer coming in second on 27, which included seven belonging to his wife, Anna.
NSW’s Dr David Gillespie was in third (18) and would have been the strongest contender for top value if it were not for Communication Min- ister Malcolm Turnbull’s array of real estate gems in Sydney’s most elite suburbs.
Mr Turnbull made a strong play for the title of richest landlord in federal Parliament with his real estate including a waterfront mansion in Point Piper, believed to be worth about $50 million. The suburb median house price this month was $10 million, realestate.com.au listings show, with houses renting for a whopping $3000 a week.
Mr Turnbull holds three properties in his own name – in Point Piper, Canberra and a commercial property in exclusive Potts Point – with a further three listed under his wife Lucy’s name, including a unit in Potts Point and an