Victorian Labor MPs labelled ‘property barons’

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Victorian Labor MPs labelled ‘property barons’
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More than half of Victorian Labor MPs own more than one property, with five Labor cabinet ministers owning 21 additional properties between them. auspol

And Premier Daniel Andrews on Thursday refused to rule out rent caps as part of a looming housing affordability package.The shock budget move has ignited calls by some Labor MPs and party members to claim that Victorian residents should not own more than one property, labelling them “property barons”.

Ms D’Ambrosio, the Energy and Climate Minister, owns six investment properties through a family trust, including one in the affluent inner-city suburb of Carlton, where the median house price is $1.5 million, two in Fawkner, one in Brunswick, one in Melbourne, and one in the Mornington Peninsula suburb of McCrae, where the median house price is $1.3 million.

Mr Pearson, the Minister for Housing, who earlier this year was forced to admit to an error of judgment for not disclosing a potential conflict of interest over his Commonwealth Bank shares, owns additional properties in Winchelsea, Sunbury, St Albans, and the seaside town of Ocean Grove.

“Is Mr Andrews and his government really saying to Victorians that what we really want in this state is a one-property-a-person policy?

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