Sir lastnail wrote on Jul 3
rd, 2020 at 10:03pm:
Check it out. Is this what our tax payers dollars are being used for these ex pollies ???
Quote:Former Prime Minister Kevin Rudd and his wife Therese Rein have been revealed as the mystery buyers of former tennis player Pat Rafter’s home, which they purchased for a whopping $17 million back in May.
The beachfront Sunshine Coast property boasts seven bedrooms, and was snapped up by Betty’s Burgers & Concrete Co founders David Hales and wife Louise in 2018 for $15.2 million.
The pair reportedly hoped to get $20 million for the property at Sunshine Beach, but settled for the $17 million sale to Rudd, the AFR reported.
The house is H-shaped, and was designed by architect John Burgess. It boasts a 12-metre pool, a three-car garage, a home theatre room and a climate-controlled cellar.
Rudd’s wife Rein said the purchase was in a bid to invest back into Australia.
"We’ve made a conscious decision to bring our investments home to Australia," Rein said.
"While Kevin was in office, we had to invest overseas to avoid conflicts of interest. We’ve now mostly brought those investments back home to Australia."
https://au.finance.yahoo.com/news/kevin-rudd-17-million-noosa-property-011108621... They paid with their own money so why shouldn't they buy it? All top politicians usually have money behind them, whether they are left, right or centre.
A more interesting question being ignored here is how come people like Pat Rafter have the dollars to buy a place like that. It's because sports stars are grossly overpaid for what they do. Rudd's job was at least as difficult as Rafter's.
And then the people who bought it from Rafter, you can bet they had some good tax write offs with a business. Media & film stars routinely have such homes and no one blinks an eye.
Actually I had a laugh at the news report. Talk about bias. "Whopping $17 million". Yes, it's a lot but it was a bargain as it was on the market at $20 mill and the owners paid $15.2 mill for it over 2 years ago.
Great house & location but wouldn't like to have to pay the rates on that joint.