MP splurges on some Sydney seaside luxury
Federal Labor MP Dr Andrew Charlton has reportedly spent $12m at the pricey Sydney playground of Palm Beach with barrister wife Phoebe Arcus.
The hillside luxury La Palma property last traded when it was bought by the late publican, John Toohey, and his widow Anne for $4.68m in 2002.
It hit the market last September with the hope of achieving $15m through Belle agent Peter Starr, who declined to comment. It ranks as this year’s highest-priced house sale to date in Palm Beach.
The couple retains a Bellevue Hill house but Charlton’s official residence is a $2m apartment in his electorate at North Parramatta.
The purchase ranks as the most expensive addition to the 530-strong ownership tally of the 227 federal members of the 47th parliament.
Research shows almost 40 per cent of the politicians with property investments don’t list any rental income status.
Labor federal member for Parramatta Andrew Charlton who, with his wife, has spent $12m on a Palm Beach property.
Inside the Pacific Place, Palm Beach, home.
The property has a view fit for a politician.
