Therese Rein and former prime minister Kevin Rudd are understood to be trying to offload their plush five-bedroom seven-bathroom penthouse.
Therese Rein and former prime minister Kevin Rudd are understood to be trying to offload their plush five-bedroom seven-bathroom penthouse.

Rudd quits penthouse after buying on Sunshine Coast

AFTER forking out $17 million for a Noosa beachfront mansion, Therese Rein and her husband, former prime minister Kevin Rudd, are understood to be trying to offload their Brisbane penthouse.

The power couple bought the plush five-bedroom, seven-bathroom property in Admiralty Quays in the heart of the Brisbane CBD for $8.2 million in 2016.

The view from the Brisbane penthouse owned by Therese Rein and Kevin Rudd.
The view from the Brisbane penthouse owned by Therese Rein and Kevin Rudd.

The Courier-Mail understands the couple has enlisted the help of Place Estate Agents to sell the plush penthouse in Macrossan Street, which is next door to a unit owned by jobs queen Sarina Russo.

Inside the tri-level penthouse.
Inside the tri-level penthouse.

A spokesman for Mr Rudd said Ms Rein would not confirm nor deny that was the case when contacted for comment.

Inside the penthouse owned by Therese Rein and Kevin Rudd. Picture: Rob Maccoll.
Inside the penthouse owned by Therese Rein and Kevin Rudd. Picture: Rob Maccoll.

But Ms Rein did offer this:

"I'm not going to open the door to speculating about my future investment decisions, other than that I'm determined to keep investing in Australia."

The power couple bought the penthouse for $8.2m in 2016.
The power couple bought the penthouse for $8.2m in 2016.

A Place Estate Agency spokeswoman also declined to comment, saying the agency respected the privacy of its clients.

The view from the penthouse overlooks the Brisbane River and Story Bridge.
The view from the penthouse overlooks the Brisbane River and Story Bridge.

The property has space for seven vehicles, a massive balcony, an opulent marble ensuite and a floor-to-ceiling glass-enclosed dining room.

The Admiralty Quays building in Brisbane's CBD.
The Admiralty Quays building in Brisbane's CBD.

Ms Rein and Mr Rudd were recently revealed as the buyers of the Sunshine Beach pad that once belonged to tennis great Pat Rafter.

Designed by architect John Burgess, the luxurious seven-bedroom home has panoramic views of the ocean, as well as a pool, home theatre, study, media room and wine room with climate-­controlled cellar.

Therese Rein's new home at Sunshine Beach.
Therese Rein's new home at Sunshine Beach.

The jetsetting couple have been stuck in Australia because of coronavirus, but usually split their time between Queensland and New York, where Mr Rudd works for the think-tank Asia ­Society Policy Institute.

Therese Rein and Kevin Rudd have paid $17m for this home at Sunshine Beach.
Therese Rein and Kevin Rudd have paid $17m for this home at Sunshine Beach.

Originally published as Rudd quits CBD penthouse


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