Bankstown MP Tania Mihailuk buys in Bellevue Hill for $4 million

NSW Labor member for Bankstown Tania Mihailuk and her husband, Canterbury-Bankstown councillor Alex Kuskoff, have bought into the booming eastern suburbs housing market, paying about $4 million for a house in Bellevue Hill.

Ms Mihailuk said the property was purchased as a family investment, and she would be remaining in the family’s Bankstown home.

Mihailuk’s purchase is just weeks after she was handed the shadow ministry for natural resources after Kogarah MP Chris Minns was unanimously elected state Labor leader.

The former Bankstown mayor, who has served as the local MP since 2011, said she had already had preliminary discussions about selling the investment property in about six months. However, the agent who sold it to her, Warren Ginsberg, of Ray White Double Bay, had not heard of these plans.

Bellevue Hill’s median house price jumped 4.3 per cent in the past year to a median of $5.865 million, dwarfing Bankstown’s 0.2 per cent growth in house prices to a median of $853,000.

Ms Mihailuk’s purchase is a year after she sold a six-bedroom house in the Blue Mountains for $580,000. The Leura house was listed early last year for $650,000 to $700,000, but by the time COVID-19 lockdowns had affected the market the guide was revised to $600,000 to $630,000 before it sold in May.

At the time, Ms Mihailuk made headlines in the Daily Telegraph for reportedly asking police for leniency after she was fined for failing to stop at a stop sign and wrote to finance minister Damien Tudehope for a review of the infringement.

Ms Mihailuk said she planned to update state parliament’s discretionary register with her purchase of the investment property by the September 30 deadline.