Nearly 40% of MPs and their families own 3 or more properties

The Great Australian Dream of owning a home is all but dead for millions of young people, unless they have an account with the Bank of Mum and Dad. But not so for federal politicians, with many building huge property portfolios with help from tax concessions and public subsidies.

Eighty-six federal parliamentarians or 38% of the Australian Parliament have declared they and their families own three or more properties, Open Politics’ latest analysis of the interests’ registers reveals. 

Half this group – one in five politicians – have four or more properties. Two thirds of parliament have at least two properties.