Prime Minister Sells Investment Property Amid Sydney's Slumping Market

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POLITICS News

PROPERTY SALE,SYDNEY MARKET,ANTHONY ALBANESE

Prime Minister Anthony Albanese successfully sold his Dulwich Hill investment townhouse for $1.75 million, despite Sydney's property market decline. The property, listed for $1.9 million, was pulled from an October auction and finally sold below initial expectations. The property originally traded for $1,175,000 nine years ago and values in the area have increased by 92.8% since 2015. Albanese aims to simplify his life and real estate portfolio before his upcoming marriage to Jodie Haydon.

Prime Minister Anthony Albanese capped off a busy week late on Friday when he sold his Dulwich Hill investment townhouse for $1.75 million.

The three-bedroom semi last traded nine years ago for $1,175,000. Values locally had soared during Albanese’s ownership, up 92.8 per cent since 2015 to a median of $2.28 million.The Labor leader made no secret of his wish to sell his investment property given plans to simplify his life, and his real estate portfolio, ahead of his coming marriage to Jodie Haydon.The good news comes just weeks after Albanese and Haydon bought a clifftop house on the Central Coast’s Copacabana for $4.

Despite a media maelstrom that followed, the prime minister defended his decision to sell the property. He said Flanagan had been well looked after for a long period of time, but that he was entitled to make decisions about his personal life.Albanese had an easier time selling another Inner West investment property in 2021. Having long owned the Californian bungalow with his former wife, Carmel Tebbutt, the former NSW deputy premier, it was listed for $2.

 

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