{"id":40057,"date":"2022-08-25T09:37:26","date_gmt":"2022-08-24T21:37:26","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40057"},"modified":"2022-08-25T09:37:26","modified_gmt":"2022-08-24T21:37:26","slug":"prime-minister-anthony-albaneses-5-million-property-portfolio","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/prime-minister-anthony-albaneses-5-million-property-portfolio\/","title":{"rendered":"Prime Minister Anthony Albanese\u2019s $5 million property portfolio"},"content":{"rendered":"

PHOTO: Prime Minister Anthony Albanese<\/strong><\/p>\n

He came from humble beginnings after growing up in public housing \u2013 but today, the PM boasts a multimillion-dollar property portfolio.<\/p>\n

\n

Prime Minister Anthony Albanese has amassed a $5 million property portfolio and he owns his $2.5 million Marrickville house and a $600,000 Canberra apartment mortgage-free, according to new financial records lodged with parliament.<\/p>\n<\/div>\n

Despite his humble beginnings in public housing, the Prime Minister\u2019s declaration to parliament reveals he only has one mortgage on a third investment property in Sydney.<\/p>\n

When you include his two taxpayer-funded homes \u2013 the Lodge in Canberra where he is based, and Kirribilli in Sydney \u2013 he now has access to five residential homes.<\/p>\n

Mr Albanese also scored a huge pay bump after the election, and now earns $564,356 \u2013 before allowances \u2013 after he secured a 2.75 per cent pay bump on July 1.<\/p>\n

\n
\"Anthony<\/div>\n

Anthony Albanese, pictured with his mother Maryanne, grew up in public housing. Picture: Twitter\/Anthony Albanese<\/strong><\/em><\/div>\n

Mr Albanese\u2019s climb up the property ladder began in 1990 when he bought his first home in Marrickville for $146,000.<\/p>\n

Perhaps, it also provides a clue as to why the Labor leader dumped his predecessor Bill Shorten\u2019s plan to curb negative gearing \u2013 given he has steadfastly amassed his own property fortune.<\/p>\n

Former Prime Minister Scott Morrison has previously had a dig at Mr Albanese\u2019s property wealth in parliament.<\/p>\n

\u201cThe leader of the Opposition has bought plenty of homes,\u2019\u2019 he said.<\/p>\n

\u201cHe\u2019s bought plenty more than I have. Good for him. Good luck to him. We celebrate success.\u201d<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n
\n
\"Anthony<\/div>\n

Anthony Albanese has a $5 million property portfolio. Picture: Gaye Gerard\/NCA Newswire<\/strong><\/em><\/div>\n

The disclosure paperwork surrounding the Prime Minister\u2019s financial affairs, which was lodged on August 23, reveals that the only property that he has a mortgage for is an investment property in Dulwich Hill with the Commonwealth Bank.<\/p>\n

He also doesn\u2019t declare any rental income for any of his three portfolios \u2013 although not all MPs stipulate investment income if they already note the property is for investment purposes.<\/p>\n

Mr Albanese owns a Federation bungalow in Sydney\u2019s Marrickville worth some $2.5 million, which he bought for $997,500 in 2006.<\/p>\n

Seven years ago he also purchased an investment rental property in Dulwich Hill worth around $1.9 million, that he bought for $1.175 million in 2015.<\/p>\n

He also owns a Canberra pad for when he\u2019s in parliament worth around $600,000, that he bought for $162,000 in 1996.<\/p>\n

Given that he now has access to two taxpayer-funded homes in Canberra and Sydney, it\u2019s not known if he uses or spends time at any of his three homes in his $5 million portfolio.<\/p>\n

\n
\"Former<\/div>\n

Former Prime Minister Scott Morrison during a press conference at The Lodge in Canberra. Picture: NCA NewsWire\/Gary Ramage<\/strong><\/em><\/div>\n

The delaration also holds no clues as to whether his new partner Jodi Haydon owns any shares or property, with \u201cnot applicable\u201d stated on the form.<\/p>\n

It simply states that she works for the Teachers Mutual Bank and has super with Australian Super.<\/p>\n

Gifts declared include a bamboo bicycle that he was photographed riding around the grounds of Bogor Palace, Indonesia on with the president of Indonesia, Joko Widodo.<\/p>\n

The register also reveals Peter Dutton has off-loaded a Townsville property that has caused him grief over the years.<\/p>\n

News.com.au revealed in 2020 that then Home Affairs Minister Peter Dutton had failed to declare a million-dollar property his family owns in Townsville, in a blunder his office is blaming on simple human error.<\/p>\n

In his official declaration to parliament, the Queensland MP has listed a number of properties that form part of his family\u2019s $5 million investment portfolio.<\/p>\n

\n
\"Moving<\/div>\n

Moving trucks leaving Kirribilli House as former Prime Minister Scott Morrison moves out and returns to The Shire. Picture: NCA NewsWire\/Nikki Short<\/strong><\/em><\/div>\n

They include properties co-owned with his wife Kirilly, a Queensland businesswoman, including a luxury Palm Beach, Queensland weekender.<\/p>\n

Mr Dutton, who receives the base salary and an 85 per cent loading, has an annual income of $401,561.<\/p>\n

Meanwhile, backbench Labor MP Andrew Charlton has revealed he owns three homes in Parramatta, Bellevue Hill and Woollahra that are all listed as \u201cresidential\/investment\u201d.<\/p>\n

Dubbed a \u201cWannabe westie\u201d, Mr Charlton\u2019s electorate of Parramatta is a world away from his $16 million plus mansion.<\/p>\n

He bought the property for $16.1 million at auction in November 2020.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n