Now that Joe Hockey is a property expert, it seemed only right to spend a day in his shoes, walking the leafy boulevards of beautiful Hunter’s Hill. A couple of days ago, our federal Treasurer said that the key to buying a house was to get a job that pays good money. Well, if you want to emulate Joe and buy a sandstone mansion in this prestige Sydney suburb, you are going to need a very good job. In 2004, Joe and his wife, Melissa Babbage, paid $3.5 million for a superb heritage house in a good street; it’s now said to be worth $5.4 million. With a median house price of $1.9 million, it’s no surprise that Hunter’s Hill, surrounded by water and only 30 minutes to the CBD, is full of lawyers and bankers. They are the only ones who can afford it.
A day in Joe Hockey’s little bubble of privilege
Cashmere, "sous-vide" beef and sea views -- Joe Hockey lives in a fantasy land for the cloistered elite. No wonder he doesn't understand economic hardship.