Peter Dutton’s bid to show his soft side exposes a property bragger | lucy_macken
Dutton has bought and sold a dozen houses and apartments since he was 20, of which his second house was a 1970s brick house in Murrumba Downs.
“I started part-time work at a butcher shop after school until I started university,” he said. “I saved and bought a house at 19 and built a business from nothing to ultimately employ 40 people.” Two years later, Dutton made a 25 per cent gain on that apartment when he sold it for $116,500, despite Brisbane’s median only rising 14 per cent in that time.Like so many of his generation since then, Dutton has done well from Australia’s soaring property values of the past three decades, in some cases making multimillion-dollar capital gains as Brisbane’s median house price has steadily risen to its current median of $831,000.
The Duttons also own a three-bedroom apartment in Brisbane’s Riparian Plaza tower, purchased a year ago for $2.7 million from Toowoomba millionaire John Wagner.
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