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The Guardian - AU
The Guardian - AU
National
Karen Middleton Political editor

Albanese’s $4.3m home purchase could increase pressure to change property tax laws, Labor MPs suggest

Labor Anthony Albanese Chris Bowen David Littleproud Jim Chalmers Sussan Ley Yvette DAth Sky News
Australian Prime Minister Anthony Albanese
Some Labor MPs have suggested the feared political backlash over the prime minister’s house purchase may force the government to consider removing some concessions to residential property investors. Photograph: Athit Perawongmetha/Reuters

Anthony Albanese may face renewed backbench pressure to ease capital gains tax concessions, as Labor MPs privately express dismay at his decision to buy a $4.3m waterfront home on the New South Wales Central Coast before an election in the middle of a housing crisis.

Some Labor MPs have suggested the feared political backlash over the prime minister’s house purchase may force the government to look again at removing some of the generous concessions to residential property investors.

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