Albanese’s $1.9m property listing is a far cry from the housing struggles of ordinary Australians
After evicting his tenant of four years, Anthony Albanese has finally listed his three-bedroom rental in Sydney’s inner west with hopes of selling it for $1.9m. He originally purchased the Dulwich Hill investment property for $1.175m in 2015. If the sale hits the asking price, our PM will pocket a tidy profit of more than $700,000 in less than a decade.
And, thanks to the capital gains tax incentive, half of his profit will be tax-free.
Well, good on Albo! We like a good housing story in Australia – especially when it’s tied to personal milestones, like Albanese pointing to his upcoming wedding.
But it’s hard to ignore the glaring divide between the political elite, who have the option to sell off investment properties, and everyday Australians struggling to secure a place to call home.
Over the years, Albanese has amassed a $4m property portfolio, renting out two Sydney homes, including a mortgage-free bungalow, while living rent-free at the prime minister’s official residence, the Lodge, in Canberra. His rise from public........© The Guardian
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