Nearly half of Australia’s federal MPs own an investment property

Federal politicians are twice as probably than the common Australian taxpayer to personal an funding property, with 44% disclosing at the least one.

Michelle Ananda-Rajah, Dan Tehan and Karen Andrews every declared six properties (Picture: Equipped/AAP)

Practically half of federal members of Parliament say they personal at the least one funding property, making them probably the most prolific actual property traders out of any career in Australia.

Whereas increasingly Australians are hoping to money in on the nation’s once-booming housing market, property traders stay a minority of the inhabitants with 2.22 million taxpayers — about 20% of the overall — proudly owning 3.25 million rental properties between them.

Earlier this 12 months, the Australian Monetary Evaluate reported new Australian Tax Workplace knowledge displaying the professions probably to be property traders within the 2019-2020 monetary 12 months. Topping the listing was surgeon (43%), adopted by anesthetist (40.5%) and inside medication specialist (40.2%).

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Originally published at Gold Coast News HQ