What is Peter Dutton Net Worth: Is His Wealth Through Real Estate? Peter Dutton, Australia’s next prime ministerial candidate, has amassed a sizable investment portfolio worth millions of dollars.
Dutton has a substantial net worth because he has been actively investing in real estate since becoming a director of the family trust, Dutton Holdings, in 1992.
In terms of wealth, Dutton’s real estate holdings are currently valued at more than $5 million. According to prestige brokers, it is one of Australia’s most expensive residences, situated on 1940 square meters of beachfront land with a swimming pool, boatshed, and private jetty.
From Brisbane to Gladstone, he bought and sold eight investment properties totaling more than $2 million before stepping down as a director in late 2006.
Dutton has been a minister in the Howard, Abbott, Turnbull, and Morrison administrations, as well as the House of Representatives representative for the Queensland district of Dickson since 2001.
He represents a seat outside of New South Wales and is the first Liberal leader since Alexander Downer to be from Queensland.
Peter Dutton Net Worth: Is His Wealth Through Real Estate? Explore His Fortune
Peter Dutton is worth $200 million dollars. Among his holdings is a lavish $2.3 million beachfront property on Queensland’s Palm Beach, which he purchased in 2014, according to documents.
Dutton and his wife pay $1500 per week in rent for their Palm Beach home. He bought an apartment in the Brisbane community of The Johnson at Spring Hill for $629,500 in 2016, and a house in the Canberra neighborhood of Kingston in 2012.
Kirilly, Dutton’s wife, the sole director, and owner of RHT Investments, another family trust, purchased a store.
Records indicate that the Edison Plaza Shopping Centre in Townsville, with its 11 shop tenants, was purchased in 2016 for $760,000.
The value of the Duttons’ real estate holdings is estimated to be above $5 million. Dutton has earned $4.6 million by selling a large portion of its business over the last few years.
Even so, the high price they paid was a bit of a steal. In February 2021, he sold his vacation home in Millionaire’s Row on the Gold Coast for $6 million after auctioning it for $4.35 million.
Dutton also has an apartment in Canberra and a rental property at the Moreton Island resort Tangalooma.
Learn About Peter Dutton’s Wealth Through Real Estate
Peter Dutton has amassed a sizable fortune through real estate. He has amassed a multimillion-dollar real estate portfolio.
His family’s residence is a six-bedroom mansion with a pool on two hectares in Camp Mountain, an acre estate in Brisbane’s hinterland, which he purchased in 2003 for $710,000.
Dickson is his district. Dutton wants to depose Malcolm Turnbull, despite the fact that Turnbull has a much larger property portfolio.
The estimated value of Mr. Turnbull’s family home, a sizable waterfront mansion in Point Piper, Sydney, is among the highest in Australia. At the same time, Mr. Dutton’s property is worth over $1 million.
Turnbull and his wife Lucy’s 1930s Mediterranean-style home is compared to the neighboring mansion Altona, which sold for more than $60 million in 2016.
In the year 2000, he and his father founded Dutton Holdings, a company with six different trading and corporate identities.
The company bought, remodeled, and converted structures into daycare centers. It sold three of these facilities to the now-defunct ABC Learning in 2002.
ABC Learning made a $100,000 rent payment to Dutton Holdings. Dutton Holdings continues to operate under the name Dutton Building & Development.
Meet Peter’s Wife Kirilly Dutton
Kirilly Dutton is the sole director and owner of RHT Investments, a family trust who recently bought a store. Records indicate that the Edison Plaza Shopping Centre in Townsville, with its 11 shop tenants, was purchased in 2016 for $760,000.
Additionally, Kirilly Dutton is a director of the Bald Hills Child Care facility, which is registered to her Camp Mountain residence.
In addition to the successful daycare business, Kirilly and Peter have a remarkable property portfolio of six properties, one of which is a Townsville shopping center.
Peter and Kirilly married in a beautiful Italian ceremony in July 2003. The couple had been dating for many years.
When they first met, Kirilly was the personal assistant to Sarina Russo, who had founded the Sarina Russo Group, Australia’s largest private-sector employment provider.
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