Kevin Rudd yet to sell Yarralumla, Canberra bolthole
No need for Julia and Tim to depart The Lodge immediately.
The renewed Prime Minister Kevin Rudd and wife Therese Rein could possibly bunk down nearby as they have yet to sell their their home in leafy Yarralumla, Canberra which cost $2.175 million in 2010.
It could even serve as his temporary bolthole, if after a suprise Federal election win, he decided to undertake the requisite renovations needs at The Lodge.
It was listed for sale at $2.25 million through Shane Killalea of the Peter Blackshaw agency last month, but remains for sale.
The contemporary Mueller Street house was bought after departing The Lodge so as their son, Marcus, could finish his schooling.
The family home was leased at the end of 2011.
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“The current tenants have indicated they would like to purchase another house and therefore it is an appropriate time to put the put the house on the market,” a spokesperson for Kevin Rudd said. The tenants vacated the home earlier this month.
The five-bedroom, four bathroom house is set on 936 square metres with a separate study, in-built sound system and pool.
While Yarralumla’s median house price is up over the past year by 7% to $1.07 million, according to RP Data Canberra’s housing market has slowed due to inpart to uncertainty around public service employment after the September federal election.
There is typically a required 11.7% discount among private treaty listings to secure a sale.
