Anthony Albanese has cleared his second real estate hurdle in two months.
After being forced to reduce the asking price of the inner Sydney townhouse he sold last month, the Prime Minister is struggling to find a tenant for his stylish new clifftop mansion on the Central Coast of New South Wales and has once again been forced to lower his expectations.
Even though Albanese’s $4.3 million five-bedroom Copacabana has stunning ocean views from every room, he has been forced to reduce the weekly rent from $1,900 to $1,500 to find someone as rents plummet. all areas of the area.
The rental ad boasts that a tenant will “enjoy magnificent sunrises all year long” and is ready to “move in now.”
“Pets considered upon request,” the listing says without giving a length of ownership.
Albanese was also forced to cut $150,000 from the price he originally wanted inThree-bedroom property in the inner western Sydney suburb of Dulwich Hill after spending months on the market with no buyer.
He eventually sold it for $1.75 million in October, after originally listing it for $1.9 million.
This still represented a useful margin on the part of the Albanese paid $1.17 million for the property in 2015 and property values in the area have skyrocketed 92.8 percent since then.
Despite its prime location, Anthony Albanese is having trouble renting his new clifftop home on the New South Wales Central Coast.
The median price of a home in Dulwich Hill is $2.28 million.
Albanese’s purchase of the cliff-top mansion sparked a backlash, with several Australians pointing out that the prime minister was purchasing his luxury properties during a severe housing shortage, with skyrocketing rents and high interest rates hurting many mortgage holders.
“I don’t envy a person who can afford to buy a house worth that much, what I do envy is that that same person tries to tell the general population that they represent that they understand the pressures we are under,” one wrote on social media. . platform
“Labor politicians are simply too rich and too distant to understand the everyday struggles of real Australians,” added a second.
The Prime Minister had been announcing new measures to tackle the housing shortage when he was asked in October if he thought his expensive new purchase looked “good”.
Albanese said buying a house with his future wife, Jodie Haydon, was very much in line with the experiences of ordinary Australians.
‘Jodie and I are getting married. Jodie is a coastal. “She is a proud Coastie,” he said.
‘There are three generations of Haydons on the coast and when your relationship changes, your life changes and you make a decision.
Albanese told a Sydney radio station he bought the property on the New South Wales central coast to live with his fiancée Jodie Haydon.
‘But what I’m focused on is making sure everyone can have a roof over their heads. I am focused on increasing investment in public housing and social housing.’
The journalist noted that Mr. Albanese’s sprawling home with ocean views and cathedral ceilings was “very different” from his modest new marital home.
‘I am much better off as Prime Minister. As Prime Minister, I earn good income. I understand that I have been fortunate,” said Mr. Albanese.
‘I also know what it’s like to fight. My mother lived in the only public housing (flat) in which she was born during her 65 years.
“I know what it’s like and that’s why I want to help all Australians get into a home, whether it’s public housing, private rentals or home ownership.”
Albanese said the beachside property was not an indication of early retirement, as he planned to be at his current job “for a very long period of time.”