Quote:

Peter Dutton's $30million property portfolio: 26 properties in 35 years Peter Dutton has reportedly made $30million of property transactions over 35 years, making him one of richest-ever contenders for Prime Minister. The Opposition Leader purchased his first home at 19, before going on to buy and sell 26 pieces of real estate, according to an analysis of property and corporate records, parliamentary registers and real estate data carried out by the Sydney Morning Herald. The paper reports that Mr Dutton, 54, has turned a healthy profit from his various real estate investments, with property purchases totalling $12million and sales of $18.8million. The properties include luxury city apartments, childcare centres, a shopping plaza, a beachfront mansion and a farm. At his peak, the leader of the Coalition owned five properties at the same time across Queensland, in addition to a flat in the ACT. However, in the last few years, Mr Dutton and his wife, Kirrily, off-loaded their massive property portfolio, netting almost $5million. They now only own one property: a 68-hectare farm in Dayboro, Queensland, purchased for $2.1million in August 2020. The paper further alleged Mr Dutton had been late to declare his property transactions with the parliamentary register on 15 separate occasions. 'Peter Dutton and his colleagues had a fair bit to say about the Prime Minister buying one house last year,' Mr Watt told reporters. 'We'll see what he's got to say about the 26 homes that he's bought and sold over the last couple of decades, some of which he hasn't declared. 'Now all politicians are required to disclose publicly, purchases and sales of houses along with any other assets that they buy and sell, but it seems from this story that Peter Dutton hasn't complied with those regulations in all cases.' Brandishing a copy of the Herald's story, Mr Watt accused the Opposition Leader of wanting to cut Labor's $10billion Housing Australia fund.  '(The fund) is actually now building homes around Australia for average Australians, so it's fine it seems for Peter Dutton to amass a large property portfolio for himself, but he wants to deny working Australians and essential workers in Australia the opportunity to have a home of their own,' he added. The paper reported that Mr Dutton has bought 10 properties by himself, 13 with his father, Bruce, and one with his wife, Kirrily. Two others were with his first wife, Susan Britton, with one of those being a joint purchase with friends. RHT - a company and associated trust named after the Duttons' children, Rebecca, Harry and Tom - previously owned a shopping centre and several childcare centres. In February 2021, Mr Dutton sold his holiday home in Millionaire's Row on the Gold Coast for $6million, after it was previously passed in at auction for $4.35million. Mr Dutton and his wife bought the Jefferson's Lane home for $2.35million in 2014, and more than doubled their money in seven years, pocketing a $3.65million profit. However even the hefty price that they snapped it up for was something of a bargain. The previous owner had paid $2.5million for it 12 years earlier in 2002. The Duttons also sold their family estate in Camp Mountain, north west of Brisbane, getting $1.8million for the six-bedroom, two hectare property in 2020. The family had lived there since buying it in 2003 for $710,000, netting them a $1.09million profit. He has also offloaded an investment property in the Tangalooma resort in Moreton Island and an apartment in Canberra. But he has not always turned a profit on his property transactions. The former policeman managed to lose $147,000 when he sold a luxury unit in Spring Hill in Brisbane's CBD. He bought the modern two bedroom, two bathroom apartment in the Art Series building The Johnson in 2016 as an investment property for $629,500. But five years later, he sold the deluxe unit - which covers a generous 153 square metres - for $482,000 last May, after just nine days on the market. However, against the sales of the rest of his extensive property empire, the loss is like a drop in the ocean.

https://www.dailymail.co.uk/news/article-14436153/Peter-Dutton-property-portfolio.html

Wonder if Dutton exploited the generous tax concessions that first home buyers never get ??

What a greedy property hoarding grub :( And he wants you to vote for him because you might get a discount on your electricty bill in 50 years time when they have finally built his 600 billion tax payer funded nukula pie in the sky :(

Quote:

Mr Dutton opened up on his views on the great Australian dream - home ownership - on an interview with Mark Bouris's Straight Talk podcast. 'I've always had an interest in property... I've renovated a few places, sold them. I've split a couple of 32-perch blocks, which was the thing to do years ago,' Mr Dutton told Bouris. 'That 809 square metres so in those days if you had a 20-metre frontage you could split it into two blocks, subdivide it.' Mr Dutton said he thought it was a 'tragedy' that some young Australians had all but given up on home ownership. 'The home is such an important anchor for a stable relationship for the raising of children,' he said. 'An asset that increases in value that you can bequeath to your children or it can set you up in retirement.' He added: 'For me, it's been a tool of wealth creation and an opportunity for Kirrily and I and our children.. and I think my kids who are 22, 20 and 19, have that aspiration - they are saving like crazy to buy a house,' he said. 'I think we've instilled that in them that it's an aspiration that you should strive for and there's good that comes from it and if you sacrifice and you save and you go without then there's a sort of longer term opportunity and upside.'

Sir lastnail wrote on Feb 26^th, 2025 at 9:29pm:

The Opposition Leader purchased his first home at 19, before going on to buy and sell 26 pieces of real estate, according to an analysis of property and corporate records, parliamentary registers and real estate data carried out by the Sydney Morning Herald.

So he started at 18, not yet a politician. And the story doesn't indicate over what timeframe he purchased and sold 26 properties.


Sir lastnail wrote on Feb 26^th, 2025 at 9:29pm:

The paper reports that Mr Dutton, 54, has turned a healthy profit from his various real estate investments, with property purchases totalling $12million and sales of $18.8million.

Wow. $6 million in profits over 35 years. Good money but not outstanding.


Sir lastnail wrote on Feb 26^th, 2025 at 9:29pm:

At his peak, the leader of the Coalition owned five properties at the same time across Queensland, in addition to a flat in the ACT.

Wow only 6 properties at one time.


Sir lastnail wrote on Feb 26^th, 2025 at 9:29pm:

'We'll see what he's got to say about the 26 homes that he's bought and sold over the last couple of decades, some of which he hasn't declared.

And some of which may pre-exist hos parliamentary career.

Much more information needed.

Edit: Is his property portfolio currently $30 million, or are they adding all the properties together, despite no longer being owned?

His only property now must have ballooned in price. ;)

Dutton will be our King in about 6 weeks.

Albo will be lining up at Centrelink.

Quote:

Peter Dutton has reportedly made $30million of property transactions over 35 years

That does not mean he has a $30m portfolio. The dailymail is clickbaiting you.

freediver wrote on Feb 27^th, 2025 at 2:22pm:

Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you.

Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties.

The point being that he would have used generous tax concessions that owner occupiers don't get !!

It's an election year - beware the ideas of March... we all know that politics is nothing more than a self-enrichment exercise and the deal is far too easy ...

Again - it should be a National Service on low pay and only genuine costs at market rates, and should be hard work for a three or four year sentence... not some luxury cruise for life.

It's not as if they've earned it.

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !!

Yes - that has to stop.  The market is dead already, but we could possibly Frankenstein it back to life...

Let's start by sacking councils that ban camping out for the poor..... and move on.... clearly the 'narrative' that 'housing investment will create vacancies' has failed dismally.

Home Ownership First And Foremost!!  A home buyer should get a tax deduction on mortgage payments and upkeep, in return for not putting pressure on the market by being homeless... pensioners, of course, should get Mortgage Assistance, same as Rental Assistance for not putting pressure on the homing market....   8-)

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties.

And yet the thread title is $30 million property portfolio. Which, by the sounds of it never was. The portfolio exists only as long as it is held. ::)

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !!

Read it for yourself:


Quote:

Peter Dutton's $30million property portfolio

Clickbait for the gullible. That you fell for. And reposted here.

Owner occupiers get far better tax treatment than investors.

For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

It said transactions over 35 years not the accumulation of 26 properties.

So your super portfolio includes all your previous investments as well as the current ones? ;D ;D ;D ;D

freediver wrote on Feb 27^th, 2025 at 4:32pm:

Sir lastnail wrote on Feb 27th, 2025 at 3:22pm: freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !! Read it for yourself: [quote]Peter Dutton's $30million property portfolio

Clickbait for the gullible. That you fell for. And reposted here.

Owner occupiers get far better tax treatment than investors.

For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.[/quote]
Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

That's a moot point regarding CGT because investors get a CGT discount and the owner occupier doesn't seek to flip their properties for a quick buck. Even if they do sell they then have to go and buy another place and pay a truck load of stamp duty most likely for an increasingly inflated house price ! No win there !

The mere fact that Dutton has done it 26 times means it's not the big disadvantage you make it out to be. We also know these tax concessiopns for property hoarders take away a prospective 20 billion in uncollected taxes each year. Time to get rid of the light shoe brigade because they are just recycliong the same old dumps again and again and again. They are not doing anyone any favours and just infl;ating house prices. They are certainly not adding to the supply of housing !

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

That's a moot point regarding CGT because investors get a CGT discount and the owner occupier doesn't seek to flip their properties for a quick buck.

And "investors" who flip houses don't get a CGT discount. And investors who rent their property don't get the CGT discount until 12 months after it ceases to be a rental.

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

freediver wrote on Feb 27th, 2025 at 4:32pm: Sir lastnail wrote on Feb 27th, 2025 at 3:22pm: freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !! Read it for yourself: [quote]Peter Dutton's $30million property portfolio Clickbait for the gullible. That you fell for. And reposted here. Owner occupiers get far better tax treatment than investors. For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

That's a moot point regarding CGT because investors get a CGT discount and the owner occupier doesn't seek to flip their properties for a quick buck. Even if they do sell they then have to go and buy another place and pay a truck load of stamp duty most likely for an increasingly inflated house price ! No win there !

The mere fact that Dutton has done it 26 times means it's not the big disadvantage you make it out to be. We also know these tax concessiopns for property hoarders take away a prospective 20 billion in uncollected taxes each year. Time to get rid of the light shoe brigade because they are just recycliong the same old dumps again and again and again. They are not doing anyone any favours and just infl;ating house prices. They are certainly not adding to the supply of housing ![/quote]


Hear hear sir Nail,

why did the Govt keep meddling in house deals?

All they did was inflate house prices and push even hard working,
productive people out of home ownership to end up in a rent rut forever -
with no security in their retirement.

The truth is that any Govt. doesn't care about ordinary people at all.

lee wrote on Feb 27^th, 2025 at 5:30pm:

Sir lastnail wrote on Feb 27th, 2025 at 4:57pm: That's a moot point regarding CGT because investors get a CGT discount and the owner occupier doesn't seek to flip their properties for a quick buck. And "investors" who flip houses don't get a CGT discount. And investors who rent their property don't get the CGT discount until 12 months after it ceases to be a rental.

Well then by that time it has gone up even more in value !!

Sir lastnail wrote on Feb 27^th, 2025 at 6:33pm:

Well then by that time it has gone up even more in value !!

It depends on the start date and end date. And all those receipts that need to be kept. It might only be 12 months worth of CGT on the ownership period. It doesn't include claims you made on the rental property expenses. ::)

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

freediver wrote on Feb 27th, 2025 at 4:32pm: Sir lastnail wrote on Feb 27th, 2025 at 3:22pm: freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !! Read it for yourself: [quote]Peter Dutton's $30million property portfolio Clickbait for the gullible. That you fell for. And reposted here. Owner occupiers get far better tax treatment than investors. For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??[/quote]

No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?

freediver wrote on Feb 27^th, 2025 at 7:16pm:

Sir lastnail wrote on Feb 27th, 2025 at 4:57pm: freediver wrote on Feb 27th, 2025 at 4:32pm: Sir lastnail wrote on Feb 27th, 2025 at 3:22pm: freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !! Read it for yourself: [quote]Peter Dutton's $30million property portfolio Clickbait for the gullible. That you fell for. And reposted here. Owner occupiers get far better tax treatment than investors. For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth. Surely your dreaming ! Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?[/quote]

Not according to Dutton. He is 6 million better off compared to an owner occupier living in the same home that they are paying off over a 30 year period ;)

Dutton started flipping houses with his father who is a builder before he entered politics.

AnAl grew up in taxpayer funded public housing and still lives in taxpayer funded public housing while renting his properties.
Are AnAls properties negatively geared?

---

Labor politicians shouldn't throw mud when it comes to property ownership

---

Sir lastnail wrote on Feb 27^th, 2025 at 8:33pm:

freediver wrote on Feb 27th, 2025 at 7:16pm: Sir lastnail wrote on Feb 27th, 2025 at 4:57pm: freediver wrote on Feb 27th, 2025 at 4:32pm: Sir lastnail wrote on Feb 27th, 2025 at 3:22pm: freediver wrote on Feb 27th, 2025 at 2:22pm: Quote: Peter Dutton has reportedly made $30million of property transactions over 35 years That does not mean he has a $30m portfolio. The dailymail is clickbaiting you. Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties. The point being that he would have used generous tax concessions that owner occupiers don't get !! Read it for yourself: [quote]Peter Dutton's $30million property portfolio Clickbait for the gullible. That you fell for. And reposted here. Owner occupiers get far better tax treatment than investors. For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth. Surely your dreaming ! Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ?? No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?

Not according to Dutton. He is 6 million better off compared to an owner occupier living in the same home that they are paying off over a 30 year period ;) [/quote]

Can you quote him?