Labor MP provides $2million penthouse to property portfolio – whereas housing disaster continues to cripple Australia
- Labor MP buys $2million penthouse in Parramatta
- Dr Andrew Charlton gained the seat within the election
- He purchased the second dwelling to attach with electors
A Labor MP has managed to grab up a luxurious sub-penthouse as Australians wrestle with cost-of-living rises and a housing disaster.
Dr Andrew Charlton and his barrister spouse, Phoebe Arcus, bought a sub-penthouse at The Lennox tower within the coronary heart of Parramatta, in Sydney‘s west, for $1.93million.
It is the {couples} ‘second dwelling’ in Parramatta after they purchased a home within the metropolis’s north for $1.95million final yr.
Dr Charlton (pictured) gained the seat of Parramatta for Labor in final yr’s federal election. There was controversy over the Labor MP being ‘parachuted’ into the seat regardless of residing in a $16million Bellevue dwelling in Sydney’s jap suburbs
Labor MP Dr Andrew Charlton and his barrister spouse, Phoebe Arcus, bought a sub-penthouse at The Lennox tower(pictured) within the coronary heart of Parramatta for $1.93million
Dr Charlton is known to have purchased the sub-penthouse because the renovation plans for the North Parramatta property have been taking too lengthy, Sydney Morning Herald reported.
Their new house is a five-bedroom property located on stage 46 of The Lennox Tower, which sits by the banks of the Parramatta River.
It was accomplished 18 months in the past by property developer Novm, which was beforehand a subsidiary of China Aoyuan Group.
The Lennox Tower features a communal swimming pool, gymnasium, BBQ space, perform room and 24-hour safety.
Dr Charlton gained the seat of Parramatta for Labor in final yr’s federal election.
There was controversy over the Labor MP being ‘parachuted’ into the seat regardless of residing in a $16million Bellevue dwelling, often known as Fintry, in Sydney’s jap suburbs.
He bought property in North Parramatta in a bid to attach together with his electors.
It comes as Australia’s housing disaster continues to worsen, with rents spiking throughout the nation as a consequence of low housing provide and flow-on results from 12 consecutive rate of interest rises.
Between March 2022 and March 2023, the median unit lease jumped 24 per cent in Sydney, equal to an additional $120-a-week, based on the Area Lease Report.
The Albanese authorities have tried to cross via the Housing Australia Future Fund, which will construct 30,000 new social and reasonably priced houses over the following 5 years.
However the $10billion package deal has been has been blocked by the Greens and the Coalition.
The minor social gathering initially made calls for to extend the funding to $5billion per yr to deal with the housing shortfall and to implement a lease freeze.
Greens housing spokesperson Max Chandler-Mather stated the federal government was not budging in any respect even after his social gathering revised that provide.
Greens MP Max Chandler-Mather (pictured) stated the Albanese authorities was not budging in any respect even after his social gathering revised their preliminary provide
His social gathering presently desires $2.5 billion for public and reasonably priced housing from this yr, down from the $5 billion requested earlier – and $1 billion to assist coordinate a nationwide freeze on lease will increase.
‘The Greens are prepared to barter,’ he stated.
‘However our frustration with the Labor social gathering, in the mean time, is after we halve our provide, the Labor Celebration nonetheless have not come to the desk on agreeing extra funding for public and reasonably priced housing or doing something for renters.’
Housing Minister Julie Collins advised Sky Information the federal government was nonetheless ‘blissful to have discussions proper throughout the parliament’ on the problem.
She harassed the housing fund was not the federal government’s solely measure to deal with affordability challenges.
