Meet the senior Australian politicians who own investment properties In the Labor cabinet, 19 of the 23 own multiple homes In Coalition, 18 of 23 shadow ministers similar situation Record-high immigration has also pushed up house prices By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 02:22 EDT, 21 May 2024 | Updated: 02:22 EDT, 21 May 2024 e-mail View comments Almost every Labor cabinet minister owns at least two properties including Anthony Albanese - with the vast majority of politicians from all sides being real estate investors during a rental crisis. The Prime Minister is one of 19 senior ministers in the 23-member cabinet who either owns an investment property that is being rented out or another home apart from their principal place of residence. Every cabinet minister owned their own home as immigration levels hit record-high levels - causing median house prices to surge by double-digit figures in a year, pecuniary interest register documents show.
Both sides of politics have this week admitted the fastest population growth since the early 1950s had caused a rental crisis. Interestingly, more Labor cabinet ministers own multiple properties than their Liberal and National Party shadow counterparts. Almost every Labor cabinet minister owns at least two properties including Anthony Albanese (pictured at his Marrickville house) - with the vast majority of politicians from all sides being real estate investors during a rental crisis Property inves.