Federal Labor leader Anthony Albanese has listed his Marrickville investment property with his former wife. Picture: NCA NewsWire /Jono Searle.Source:News Corp Australia
Federal opposition leader Anthony Albanese is cashing in on Sydney’s booming housing market with the listing of a three-bedroom house in the inner west.
The Marrickville investment property with lush green gardens and modern interiors is scheduled to go to auction on August 7 with a $2.1 million price guide.
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CoreLogic reveals the property is also under the ownership of Albanese’s former wife Carmel Tebbutt, who once represented the seat of Marrickville in NSW parliament.
The three-bedroom house has a grassy backyard.Source:Supplied
A guide of $2.1 million has the potential to gift the pair a significant payday with it almost double the $1.115 million it was purchased for in June 2012 when Albanese served as leader of the house in the Gillard Government.
That would see Albanese gain a return of $110,000 for each of the nine years he had owned the property.
The house is listed with The Agency’s Shad Hassen who declined to comment when approached by The Daily Telegraph.
The well kept property offers buyers two floors of living including an open plan loungeroom and kitchen space. Two bedrooms on the lower ground floor open out to a deck and a grassed garden.
There is also a built-in barbecue.Source:Supplied
Two of the bedrooms open out to the backyard.Source:Supplied
It also has airconditioning, gas heating, designer baths and blackbutt flooring. The Cooks River and Marrickville West Public are within walking distance.
Albanese has built up a sizeable property portfolio during his time in politics with records showing he owns several properties in Sydney and a Canberra unit.
His main residence is also in Marrickville and was purchased in 2006 for $997,500, while a Dulwich Hill duplex was purchased as an investment in 2015 for $1.175 million.
Albanese became leader of the Labor Party after replacing Bill Shorten following their 2019 defeat at the federal election. During that election, Labor campaigned on a number of policy reforms that included axing negative gearing for property investors like Albanese.
An auction date of August 7 has been set.Source:Supplied
Labor dumped changes to negative gearing from the final draft of its 2021 party platform, however shadow cabinet has yet to determine what exactly its tax agenda will be for the upcoming election.
There will be no shortage of buyers interested in owning Albanese’s property with realestate.com.au revealing there are just 11 houses for sale in the suburb.
The shortage of stock coupled with strong demand in Sydney’s inner west has pushed the Marrickville median house price up 15.7 per cent in the past 12 months to $1.797 million.
Originally published asAlbanese set for big payday after listing Sydney house