Albanese struggles to offload Dulwich Hill investment property

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A month after pulling his inner-west home from auction, the prime minister has dropped the asking price further.

Albanese’s decision to buy a $4.3 million clifftop home in the Central Coast amid a housing and cost-of-living crisis left several of his Labor colleagues scratching their heads. It meant the government wasted another week defending the prime minister from the “out of touch” allegations rather than prosecuting its agenda.

That property was set to go under the hammer with a $1.9 million price guide last month. Not a bad return given Albanese bought it in 2015 for $1.175 million. But the property was abruptly pulled from auction, and the asking price lowered to $1.85 million. Now, the asking price has fallen to $1.75 million, with Albo’s real estate agent“I think the reason for it is quite simple.

When it does, it’ll still leave a tidy profit for the former housing commission boy made good. And the fact that a three-bedroom red brick townhouse in Dulwich Hill is pushing the $2 million mark says it all about the housing challenges the Albanese government faces. You can get a French chateau for less.On Friday, Australia’s politicians finally got a chance to return fire against the country’s journalists. It didn’t end well for them.

But we wonder who exactly the online behaviour of some of News Corp’s highest profile opinionators is good for.

Now, the mining magnate’s S Kidman & Co has opened a bricks-and-mortar store in Tamworth, “bringing country style to the heart of fashion”. No, we’ve never heard anybody talk about Tamworth like that either. and Joyce, decked out in his custom Gina-sponsored bush hat.is a CBD columnist for The Sydney Morning Herald and The Age. Previously he worked as a reporter for Crikey, covering federal politics from the Canberra Press Gallery.

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