Prime Minister Anthony Albanese sells house in Sydney’s Dulwich Hill for $1.75m
Flanagan had initially leased the house for $880 a week four years ago, but Albanese had dropped the price to $680 a week during COVID and had left it unchanged since, which made Flanagan reluctant to leave.
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 (Albanese) was entitled to make decisions about his personal life.
The Dulwich Hill house last traded in 2015 for $1,175,000.
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 $2.1 million and sold a few weeks later ahead of its scheduled auction for $2.35 million.
The result more than doubled their money on the $1,115,000 purchase price of 2012.
Albanese and Tebbutt’s former family home in Marrickville, purchased for $997,500 in 2006, was transferred into Albanese’s sole ownership in 2019 following their split.
In early 1990, Albanese was all of 26 when he debuted on property title records as a “political party official” buying a two-bedroom semi in Marrickville for $146,000.
The most recent sale comes at the end of one of Albanese’s busiest weeks as prime minister, in which he oversaw the passage of 45 pieces of legislation.
Of the 31 bills the Senate passed on Thursday night, one included the Build to Rent legislation that the government hopes will increase the number of rental properties by 80,000, making it the largest-ever federal supply of rental homes.
