Former Australian Prime Minister Paul Keating buys in Elizabeth Bay
The former Australian Prime Minister Paul Keating has popped another apartment into his property portfolio.
It is a one bedroom 65 sq m unit in the patch he knows best, Elizabeth Bay. He has implemented a visionary approach to family estate financial planning through residential property investment ts.
This one, which is on Billyard Avenue, cost $1,625,000.
It is set in an block of 11, across the road from the famous Fox family trophy home Boomerang.
Keating has been an owner in Elizabeth Bay for more than decades.
He paid $225,000 for a terrace house in the neighbourhood in 1983.
He was briefly Woollahra based after paying $2.2 million for the historic St Kevins in 1994 when he was Prime Minister.
Keating, who led the Labor Party from 1991 to 1996, was the 24th Prime Minister of Australia having first served as Minister for Northern Australia in the Whitlam government.
This article first appeared in the Sunday Telegraph.
