Pollies share property passion
Federal politicians are heavily invested in property – with an average of 2.5 properties per pollie.
The top 20 property-owning politicians had an even more impressive average of almost 10 properties each, according to a critical and widely-reported analysis of the 2013 parliamentary register of interests.
The properties included politicians residences, commercial properties, investment properties, vacant land and holiday properties.
The politician with the biggest portfolio is Nationals Senator Barry O’Sullivan, who has 50 properties – 30 of them paid off, and the others subject to a mortgage.
Property investment is a bipartisan interest with high levels of investment by members of all major parties, with the notable exception of the Greens who had an average of one property per pollie.
Only six per cent of the Federal members didn’t own any property.