Kevin Rudd and Therese Rein purchase Pat Rafter’s former Sunshine Coast pad for $17m

Former PM Kevin Rudd and Australian entrepreneur Therese Rein have purchased this Noosa beachfront mansion for $17m. Photograph: equipped

Former Prime Minister Kevin Rudd and his spouse Therese Rein are shifting to Noosa after Ms Rein was revealed because the thriller purchaser who paid $17 million for a home that was constructed for world primary tennis participant Pat Rafter.

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Former PM Kevin Rudd and his spouse Therese Rein. Photograph: Kym Smith

The beachfront Noosa mansion now owned by Therese Rein. Photograph: equipped

The Sunshine Coast trophy house had most just lately belonged to Betty’s Burgers founder David Hales and his spouse Louise who purchased the seven-bedroom John Burgess-designed house two years in the past for $15.2 million.

Betty’s Burgers founder David Hales was the earlier proprietor of the house. Photograph: John McCutcheon

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“We’re genuinely delighted that Therese has invested within the Sunshine Coast,” promoting agent Karen Harman of Dowling Neylan property brokers instructed The Courier-Mail.

“This has led the best way to placing confidence again within the area.’’

Dowling Neylan property agent Karen Harman on the beachfront house she bought to Therese Rein. Photograph: equipped

Contained in the breathtaking house.

It’s the second Sunshine Coast property Ms Harman has bought to Ms Rein, with a $three.1 million seaside home at Castaways Seashore additionally a part of the Australian entrepreneur and humanitarian’s property portfolio.


2014 Australian Open - Day 3

Pat Rafter purchased the property again in 2006. (Photograph by Scott Barbour/Getty Photos)

In an announcement launched by Kevin Rudd’s adviser Jared Owens, Ms Rein mentioned the acquisition was a part of a call to return the couple’s investments to Australia.

“Whereas Kevin was in workplace, we needed to make investments abroad to keep away from conflicts of curiosity. We’ve now largely introduced these investments again house to Australia,” Ms Rein mentioned.

Former PM Kevin Rudd and Therese Rein are heading to Noosa. Image: Kevin Rudd/Twitter

“That features investments in several Australian tech start-ups in addition to residential growth funding, with an emphasis on full accessibility to accommodate these with disabilities, right here on the Sunshine Coast. This contains one growth that has supplied work for dozens of native tradies. I’m additionally concerned in philanthropy and in mentoring younger Australian businesspeople.

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Wonderful views, even from the aspect gate.

“Now’s precisely the time for Australian buyers to indicate the boldness to spend money on their native communities in the event that they’re ready to take action.”

Mr Rudd, who was born within the Sunshine Coast city of Nambour, was Prime Minister of Australia from 2007-2010 and once more for a short time in 2013.

“Therese and I wish to be right here on the Sunshine Coast as a result of it’s our neighborhood and we find it irresistible. It’s the place I grew up and it has a very shiny future.”

The seven-bedroom Noosa beachfront mansion that would be the Australian house of Kevin Rudd and Therese Rein. Photograph: equipped

The mansion had been in the marketplace since November final yr and bought for $three million under its asking worth.