Inside new Liberal leader’s property portfolio

The newly elected leader and first woman to head the Liberal Party of Australia Sussan Ley is a keen property investor and landlord.

Ms Ley who is the member for Farrah, NSW, in the federal House of Representatives rose to power Tuesday after the party was smashed at the polls in the May election.

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In her declaration of interests made to parliament, she flagged having three properties – her Albury home, an Albury private rental and a property bought on the Gold Coast.

She had two mortgages with Hume Bank when she started her previous term in office, and then refinanced two years ago to move her portfolio to Westpac Bank where she has three mortgages now – the third of which was the Albury investment added in 2023.

Records show Ms Ley bought the Queensland property a decade ago in May 2015 for $795,000 in Main Beach – the heart of the Gold Coast’s glitter strip which has seen massive demand since the pandemic.

Property prices on the Gold Coast are estimated to more than double before the 2032 Brisbane Olympics, with beach suburbs especially set to surge even further.

Ms Ley’s two bedroom, two bath, single car park unit has more than doubled in value in the decade she has owned it, now estimated to be valued as high as $2.14m.

Her rental income potential from that property alone ranges from $853 to $1,100 a week – between $44k to $57k a year.

Ms Ley’s Albury property interests were not publicly available apart from her parliamentary declaration.

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