A first-term Labor MP representing a key western Sydney marginal seat has bought a $12million oceanside mansion named ‘La Palma’ to add to his luxurious property portfolio.
Andrew Charlton, MP for the western Sydney seat of Parramatta, purchased the four-bedroom Palm Beach property which is located some 50km from the seat he represents.
It is Dr Charlton and his barrister wife Phoebe Arcus’ second mansion purchase since he bought the $16.1million mansion Fintry at Bellevue Hill in Sydney’s east, in November 2020.
Dr Charlton also owns a terrace in plush Woollahra, also in the city’s east.
He lives in a $2million penthouse apartment in Parramatta, in his new parliamentary seat out west.
The A-list lifetyle of the Oxford University graduate and former United Nations operative is in contrast to almost all his Parramatta constituents.
He acknowledges their struggles in his Labor Party profile page, lamenting that ‘it’s getting harder for people to get ahead no matter how hard they work’.
New property purchases are meant to be declared on Parliament’s pecuniary interest register but Daily Mail Australia understands Dr Charlton has not yet listed the Palm Beach property as it awaits settlement.
Settlements in New South Wales occur six weeks after contracts have been exchanged. ‘Dr Charlton has and will continue to fully comply with parliamentary disclosure requirements,’ a spokesman for the MP said.
Dr Charlton was a former economic adviser to former PM Kevin Rudd from 2008 to 2010 during the Global Financial Crisis.
His new home was previously owned by the late publican John Toohey and his wife Anne.
The $12million he paid was below the initial asking price of $15million, with the Sydney Morning Herald’s prestige property reporter Lucy Macken first revealing Dr Charlton as the new owner.
The Pacific Place house, initially listed in September 2023, has a panoramic view of the Pacific Ocean and Barrenjoey Lighthouse from the southern side of Palm Beach.
It also has an infinity pool and five bathrooms.