Peter Dutton tipped for multimillion-dollar payday

Former Defence Minister Peter Dutton with wife Kirilly, daughter Rebecca and sons Tom and Harry are giving up their Dayboro estate as the family downsizes. Picture: Lyndon Mechielsen/The Australian

Former Opposition Leader Peter Dutton is set for a multimillion-dollar payday from the upcoming auction of his renovated Dayboro estate, with a lack of comparable sales sparking wild speculation ranging from $3 million to as high as $8 million.

The Duttons purchased the 68.1-hectare property for $2.165 million in 2020, and after an extensive renovation program, could potentially fetch close to four times what they paid in just five years.

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The renovated farmhouse features six bedrooms and four bathrooms. Picture: Realestate.com.au

The stunning renovation has wowed social media followers. Picture: Realestate.com.au

The six bedroom, four bathroom 68.1 hectare lifestyle estate, located about 50km from Brisbane CBD, goes to auction next Friday. While Queensland rules prevent real estate agents from listing a price guide, speculation has run hot across the community given the dire short supply of move-in-ready lifestyle properties across Southeast Queensland.

“Peter Dutton’s property – my guess is $5 million at auction,” said one person on social posts as the images went live online, while others suggested $3 million, and some floated “over AUD 8 million.”

Aussies got their first real glimpse into the Duttons’ extensive restoration and renovation program when the listing by Vicki Pain of Ray White Dayboro-Eumundi went live, with social groups gushing over the work that went into it.

There was even some nostalgia from those linked to previous owners: “Always be Pop’s Farm. Looks absolutely unreal though!” Another added, “I would never have recognised it. It’s absolutely stunning. I love that they kept the old roof.”

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The creek that runs through the property is one of the features the Duttons love in the estate. Picture: Realestate.com.au

Listing photos showcase the property’s natural creek and bushland setting. Picture: Realestate.com.au

Ms Pain, the agent representing the property, said there has been strong interest with buyers impressed by the respect shown to its heritage.

“A lot of care, respect and detail has been put into this property,” she said. “The owner has carefully preserved and renovated the original Queenslander. They’ve engaged an architect and what they’ve been able to create here – an entire new wing that’s truly fitting to the Queensland lifestyle.”

The Duttons restored the original farmhouse and added a stunning modern architectural extension with a jaw-dropping stone fireplace made with rocks collected from a creek on site. The luxurious estate now has a wet-edge magnesium pool, a restored full-size tennis court, minigolf, and paddocks suitable for multiple rural uses – including holding cattle, according to the realestate.com.au listing.

A stone fireplace built with rocks collected from the property’s creek is a centrepiece feature. Picture:Realestate.com.au

Interior details showcase the extensive modern renovation program. Picture:Realestate.com.au

Mr Dutton told The Courier-Mail the family “put in a lot of money and effort to refurbish” the property. “It’s time for us to downsize. Our youngest has just turned 20.”

The top guesses could well play out if the right buyers decide to come to the party, with rural Australian lifestyle estates put up for top dollar this year, including fashion designer Lisa Ho’s former property – Velvet Ranch – listed for $13-14 million by Raine & Horne Southern Highlands. The 49-hectare equestrian estate at Robertson features world-class facilities. The agency also listed Bottega at Jeir for around $8 million, with farmland able to run 40 breeders for “luxury farmers,” according to principal Matthew Anstee.

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A resort-style pool is among the luxury amenities added during renovation. Picture: Realestate.com.au

Peter Dutton’s renovated estate sits on 169 acres less than an hour from Brisbane CBD. Picture: Realestate.com.au

For Dutton’s 68.1-hectare lifestyle estate, local comparable sales are harder to nail down, with the most recent residential sales in Dayboro since September being houses on 516 sq m to 6,000 sq m blocks, fetching $1.125 million to $1.895 million.

Realestate.com.au reports a handful of November sales of lifestyle estates over 60 hectares across Greater Brisbane to the Sunshine Coast Hinterland ranged from $2.05 million to over $5 million. Among them, a designer four-bedroom house – with panoramic hinterland views, off-grid self-sufficiency, and 8km of private walking and riding trails – sold for $2.05 million in the first week of November. That property at Traveston, an hour to Noosa, sits on a 65.67 hectare block.

The Duttons preserved the original Queenslander and added a modern architect-designed extension. Picture: Realestate.com.au

Social media users have been gushing over the transformation of the former dairy farm. Picture: Realestate.com.au

A large-scale grazing operation at Miva spanning 1217 hectares (3,008 acres) across eight titles on Munna Creek sold for $5.7 million on November 3. However, that property focused on livestock capacity rather than lifestyle, with the home a simple four-bedroom Queensland farmhouse.

There are signs that buyers are willing to spend up big on luxury lifestyle properties, with a renovated 49-hectare heritage estate owned by interior designer Steve Cordony and landscaper Michael Booth selling for over $8 million this year, located 3.5 hours’ drive from Sydney.

Peter Dutton’s Dayboro estate auction will be held at 10am on Friday, December 12.

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The home has multiple spaces for entertaining and family gatherings. Picture: Realestate.com.au

The property blends heritage and modern architecture. Picture: Realestate.com.au

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