Businesswoman and former “first daughter” Jessica Rudd and her investment banker husband Albert Tse have bought into the Sydney property market, paying $1.565 million for a harbourside one-bedder at Barangaroo.
The daughter and son-in-law of former prime minister Kevin Rudd and entrepreneur Therese Rein are primarily based in Brisbane, where they bought their Queenslander home in the riverside suburb of Chelmer in late 2016 for $2.18 million.
Rumours earlier this year that the couple had bought into the harbourside development were confirmed recently by updated property records showing they bought a one-bedder in the PTW Architects-designed Alexander building in Tse’s name after a sales campaign late last year by Ayre Real Estate’s Craig Donohue and Adrian Wilson.
The apartment previously traded just two years earlier for $1.4 million.
Tse is a former Macquarie executive who, with Rudd, was based in Beijing until 2014, when they returned to Australia and he founded the private equity fund Wattle Hill Capital.
The following year Rudd set up her online store, Jessica’s Suitcase, selling in 2018 to eCargo, where she then took a seat at the board.
Rudd also sits on the board of one of Australia’s biggest beef producers, the Australian Agricultural Company.
The couple’s former Brisbane home, in Fairfield, was also a Queenslander, which they sold in 2014 for $1.07 million when they upgraded to Chelmer.