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.

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.

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.

'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.

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

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

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

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.

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


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.