Fresh from securing the Federal Parliament seat for Wentworth, Dr Kerryn Phelps’ extensive property portfolio can now be revealed.
With long-term partner Jackie Stricker, Dr Phelps owns five properties, including four in Sydney.
The other is a stylish ‘weekender’ in Bowral, in the New South Wales Southern Highlands, and the five properties combined are worth $18million in total.
The couple’s portfolio includes two medical practices, two apartments with breathtaking views of Sydney Harbour as well as the country estate.
Dr Kerryn Phelps (pictured left) with partner Jackie Stricker – together the couple boast a property portfolio worth $18million
The property on Cooper St in Double Bay (pictured) Kerryn Phelps and Jackie Stricker purchased in 1998 – their property portfolio is now worth an estimated $18million
The living room from the property in Bowral (pictured) which Dr Kerryn Phelps and her partner Jackie Stricker own – their portfolio is worth roughly $18million
Recent figures suggest the couple are $8million in front after buying their initial property together in the affluent suburb Double Bay, in Sydney’s east, in 1998.
At the time the residence on Cooper St cost $1.6million – today it is worth $5.5million.
The couple’s most valuable property is a four-bedroom Potts Point unit, estimated to be worth $5.6million.
They opted to recast their portfolio in March of 2015, selling a waterside home in Bundeena for $3.3million, which was $2.4million more than they originally paid for the premises.
Phelps and Stricker went on to purchase a manor in Bowral for $2.4million and the site of a medical practice in Surry Hills for $2.55million.
The couple have also been big financial winners on the Sydney real estate market.
Property records show they nearly doubled their money on an Elizabeth Bay address, bought in 2002 for $1.8million.
The Potts Point property on Tusculum St (pictured) owned by Dr Kerryn Phelps and her partner Jackie Stricker – the pair bought for $860,000 in 2013 – it is now worth $1.3million
The Potts Point property (pictured) owned by Dr Kerryn Phelps and partner Jackie Stricker – it was purchased for $3.4 million in 2011, is now believed to be worth $5.6million
The Bowral ‘weekender’ (pictured) owned by Dr Kerryn Phelps and her partner Jackie Stricker – it is now worth an estimated $2.4million
Four years later it went under the hammer for $3.4million.
In 2011, Phelps was appointed a Member of the Order of Australia for her services to medicine, particularly through leadership roles with the Australian Medical Association, education and community health.
Last year Phelps resigned as deputy major of the City of Sydney of Council to be an independent politician.
KERRYN PHELPS’ PROPERTY PORTFOLIO
– 1 Cooper St, Double Bay, bought on November 17, 1998 for $1.6m
Estimate now: $5.5m
– 4 Manor Rise, Bowral, bought on March 3, 2015 for $1.525m
Estimate now: $2.4m
– 1503/81 Macleay St, Potts Point, bought on October 21, 2011 for $3.4m
Estimate now: $5.6m
– 421 Bourke St, Surry Hills bought March 26, 2015 for $2.55m
No current estimate
– 402/1A Tusculum St, Potts Point, bought June 13, 2013 for $860,000
Estimate now: $1.3m