RBA governor Michele Bullock adds to her investment portfolio with new holiday home on NSW coast
Many home-owners are tightening their belts after the latest interest rate rise. Not RBA Governor Michele Bullock.
Reserve Bank governor Michele Bullock has added to her investment property portfolio with a $2 million holiday house near Byron Bay, which settled on the same day that interest rates hiked.
While many will be tightening their belts after the latest rate rise, Mrs Bullock and husband, Ian, are expanding their property empire with a four-bedroom property in Yamba, on the NSW Coast, which they bought for $2.05 million on February 3.
It settled on March 17, just as the Reserve Bank increased the cash rate by 0.25 per cent.
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By continuing you agree to our Terms and Privacy Policy.The pair already own their primary residence in Sydney suburb Russell Lea as well as two other capital city investment properties in Drummoyne and Chiswick.
The new purchase is described as “a home that has been designed for the discerning buyer ... a testament to luxurious coastal living.”
The home’s features include a a glass-enclosed wine cellar, spacious open plan living area, Australian Blackbutt timber floors, a state-of-the-art kitchen, and premium finishes such as a French imported handmade basin, dual Miele ovens and “a vast butler’s pantry that is ideal for culinary enthusiasts and those who love to entertain.’
“Featuring an oversized walk-in robe that exudes opulence and practicality, and a well-appointed ensuite, this private haven offers a space to relax, recharge, and revel in the luxury you deserve.’ said the advert.
Bullock earned $1.195 million in the 2024/25 financial year for her RBA role.
