This is GOLD!
I found this data on the website http://www.macrobusiness.com.au/ and could not resist sharing it with you!
Queensland parliamentarians are heavily invested in the property game. The 89 members of Australia’s only unicameral legislative assembly have stake in a total of 195 properties – an average of 2.2 properties per member, conservatively valued at around $91 million, calculated by multiplying the Brisbane median residential dwelling price of $466,500 (as at December 2014) by 195 properties.
The actual value is probably significantly higher, for the Queensland register allows for fine-grained analysis of the total lot size (m2) for each politician, separated into the categories of residential, investment, and farm/commercial/vacant/other properties (see Appendix B). As hypothesised in previous reports, politicians:
- Generally have a principal place of residence on a large lot relative to the public average (often exceeding 1,000m2 in size) – nine Queensland parliamentarians live on a property exceeding 10,000m2;
- Have substantial commercial, retail and industrial property interests;
- Purchase a greater number of properties in prestige or premium locations, such as desirable inner-city and coastal areas;
- Have significant interests in vacant land (some already approved for large sub-divisions) and large grazing and cane farms – some individual farm holdings exceed 10,000 hectares (ha) in size (100,000,000m2);
- Regularly embed property assets in family and business trusts, and less often, private superannuation funds; and
- Possess a number of surplus and holiday homes, some in desirable international locations e.g. Thailand.
Property investment has again proven to be popular right across the political spectrum.
Queensland’s political class possess a substantial property portfolio, with only 2 of the 89 members (2 per cent) not owning any real estate. Only a minority of holdings appear incomplete or mistakenly undeclared in some register entries, usually for the lot size of investment properties.