Hey all, Don't believe I have seen this before mentioned on here, but it is a list of the Members of Federal Parliament & the location of all their property assets in 2017. How many properties does your local politician own? I wonder if Barry O'Sullivan is a PropertyChat member? Other notes: Nick McKim only Greens member with an investment property Does Cory Bernadi rent? The favourite states in order are: NSW, QLD then VIC Around 50% own investment properties At the time of writing all the ministers involved with the budget owned investment properties Not all property investments are listed as several politicians declare income from companies & trusts, but not the properties within them Thoughts?
I’m very glad to have political representatives with real world investing experience. Presumably they realise like many of us that they don’t have a job for life and they need to take care of themselves in retirement or when they cannot work. They are also less likely to come up with dumb-ass ideas that can hurt fellow investors.
I wonder if members of the greens are specifically told they arent allowed to buy IP's? Excluding the one on the list
Elsewise one wonders what they are doing with their salary? It wouldn't take all that long for a government salary to pay off like a $250,000 TAS home.
Mind you I suppose the constantly changing salary doesn't help, one minute you are an opposition backbencher, then a shadow minister, then opposition leader, then PM, then backbencher, then sorta cabinet=Tony Abbott
