A breakdown of the Prime Minister’s property portfolio reveals a comfortable buffer in the top job as interest rates soar across the country.
After moving into the Lodge last year, Mr Albanese has decided to rent out his family home for a boost of $70,000 to his yearly income.
Stream more on politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2023 After growing up in public housing, Mr Albanese is also landlord to a second property in Dulwich Hill. He also owns a Federation bungalow in Sydney’s Marrickville worth up to $2.5 million and had a fourth property in the area.
In contrast, Australian households are under further mortgage strain after the Reserve Bank hiked the cash rate by 25 basis points on Tuesday for its ninth consecutive increase.
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