Home > Corruption, Papua New Guinea, Politics > Being a Minister in PNG can seriously expand your wealth and your waistline

Being a Minister in PNG can seriously expand your wealth and your waistline

November 2, 2016 Leave a comment Go to comments

waistline

If you can judge the wealth of a man by the size of his house then the last four years have been very kind to Justin Tkatchenko. Based on the value of his property holdings in Queensland he might have tripled his wealth as a Minister since 2012!

Last week PNG Blogs revealed that Minister Tkatchenko has recently purchased a piece of land in the Brookfield area of Brisbane for a cool $1.6 million. Brookfield is a largely rural superb about 13km west of the Brisbane city centre.

For his $1.6m (about K3.8 million), Tkatchenko has acquired an empty block of land on which Brisbane City Council records reveal, he now intends to build a house, secondary dwelling, horse stables, greenhouses, garage, gym, a 380 square metre aviary and a lake!. When completed, his new mini estate, will be worth well upwards of $3 million.

But the Brookfield estate is not the only property Tkatchenko ownes in Brisbane. In 2011 he purchased No. 12 Cubberla Street in the exclusive suburb of Fig Tree Pocket for a cool $1.1 million (approximately K2.6 million).

Fig Tree Pocket is an up-market riverside suburb 5km west of the Brisbane CBD. The houses are spacious and widely spread and there is a large proportion of trees and parks and little noise or traffic.

No. 12 Cubberla Street is described as “a stunning family home” where “Country Style Acreage Meets Inner City Convenience”.

12-cubberla-street

This is how the real estate agents describe Justin’s current home in Cubberla Street… 

“Set in the most idyllic setting offering the peace and tranquillity of a country manor, this majestic home is only minutes to suburban facilities and the CBD virtually on its doorstep. Free of neighbours and so in touch with nature this type of living is hard to find.
A sprawling, elevated and landscaped 2467m2 parcel of land is graced by a brick home of equally large proportions offering space for the whole family. The master built home offers beautiful informal and formal spaces for hassle free entertaining.
The stunning atrium style lounge is a stylish centrepiece of the home compete with double
sided fireplace that integrates perfectly with dining and kitchen and meals area. A gourmet kitchen with high quality appliances is set adjacent to the entertainers deck with a captivating scenery outlook.
A private and elegant master suite allows for a tranquil parents retreat complete with walk-in robe, lavish ensuite and access to the expansive wrap around verandahs. Two remaining bedrooms on the upper level both boast built-in robes, while the fourth bedroom on the lower makes for a great guests quarters with a separate rumpus room leading out to the manicured gardens.
The oversized garage easily accommodates 3 cars with ample storage and work bench space. This stunning family ho
me also features a study and is perfect for the growing family and provides a wonderful private and secluded oasis for children to play and explore”.

So, from $1.1 million in 2011, after five years as a Minister, Justin now owns property in Brisbane worth over $2.7 million and has plan to turn that into more than $4 million once his new home is built!

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  1. Azim Mohammed
    November 2, 2016 at 10:49 am

    How can a minister provide the government services through his private business,PNG Gardner.
    This is big time corruption and maybe the most corrupted minister.He is good in sweet talking his way through.

  2. Watao Kare
    November 16, 2016 at 12:17 pm

    The Obutsmen commission should investigate Justine Thatenko where he got the money to buy and build up those properties. He was never a billionare before he entered politics. He should also be investigated in his relations with Png Gardening Company. Nothing done and no supervision by NCDC officers to ascertain wether that beautification company is really ripping the NCDC finances for doing NOTHING. Png Gardener is paid 7 Million Kina for doing nothing!

  3. michael kuweh
    December 4, 2016 at 1:35 pm

    People of PNG are poorest in their own land. Moresby South voters wanted their member to be what he is anyway…

  1. January 3, 2017 at 9:32 am

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