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The Guardian - AU
The Guardian - AU
Comment
Intifar Chowdhury

Albanese’s $1.9m property listing is a far cry from the housing struggles of ordinary Australians

Aerial view of Sydney residential properties
Homes in Sydney, where Anthony Albanese has put his Dulwich Hill townhouse on the market with hopes of $1.9m. The sale ‘is symbolic of a deeper issue: the intergenerational wealth divide’. Photograph: Joel Carrett/AAP

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.

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