24/06/2026
🏠 INSIDE THE PM's PORTFOLIO: The Full Property History Revealed
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With the news that Anthony Albanese saved an estimated $200,000 in taxes by selling his Dulwich Hill property just before his administration’s strict new
Budget property rules kick in, new details have emerged about his extensive history in the Australian real estate market.
Parliamentary disclosure records confirm that the Prime Minister is a highly seasoned property trader, having bought and sold eight properties since 1990, spanning multiple capital gains tax (CGT) eras.
Here is exactly what his real estate footprint looks like:
💼 The Properties He Already Cashed In On
Thanks to the generous John Howard-era CGT rules, the PM has already walked away with massive profits from these three past sales:
Marrickville Property: Bought for $1.115 million in 2012, sold for $2.35 million in 2021.
Canberra Unit: Bought for $162,000 in 1996, sold for $662,500 in 2022.
Dulwich Hill Townhouse: Bought for $1.175 million in 2015, sold for $1.75 million in 2024 (beating the clock on the new rules).
📍 What He Still Owns Right Now
Marrickville Home (Sydney): His primary private residence, now worth an estimated $3 million, which he owns outright (meaning it can't be negatively geared).
Copacabana Clifftop Home (Central Coast): A luxury, ocean-view coastal investment property purchased in late 2024 for $4.3 million.
Note: The PM’s big budget move to restrict negative gearing to new builds won’t actually impact existing investors like himself—meaning he can continue to negatively gear his existing investments.
🗣️ "I’m proud of what I’ve achieved"
When questioned about his property empire in light of his government’s changes to negative gearing, Mr. Albanese offered a strong defense of his $4.3 million Copacabana purchase, saying his mother drilled the importance of homeownership into him while growing up in public housing.
"It’s the aspiration that’s drilled into working-class people... I’m proud that I wasn’t born to rule.
While the PM has openly admitted to using negative gearing in the past, saying, "Oh, look, I have in the past, absolutely," he hasn't confirmed exactly how much tax he saved, maintaining that all his financial arrangements are completely transparent and properly declared.
📉 Market Drop? "Take a deep breath"
As house prices and auction clearance rates begin to drop across the country due to higher interest rates and these new tax reforms, Labor frontbencher Tanya Plibersek told concerned Australians to stay calm.
"I think people need to take a deep breath on all of this," she stated, adding that Treasury estimates suggest prices will continue to grow, just at a slower rate, giving more everyday Aussies a chance at homeownership.
What’s your take? Is the PM's property ladder a classic Aussie success story to be proud of, or does his personal tax minimization show that the system is stacked in favor of those already at the top? 💬👇