Albo hit hard by home troubles

The price guidance on the Dulwich Hill investment property listing of Anthony Albanese was tweaked midweek – while he was returning from the G20 summit in Brazil – to $1.75m, as the Prime Minister seeks to meet the falling property market.

The three-bedroom townhouse had $1.9m guidance on its early September listing.

Giving eviction notice to his $680-a-week tenant in May, Albanese had signalled his desire to “simplify his affairs” after his personal situation changed, namely his upcoming nuptials to partner Jodie Haydon.

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Prime Minister Anthony Albanese’s investment property at Dulwich Hill.

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The price guidance was tweaked midweek from $1.9m to $1.75m,

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But it also emerged the first couple had spotted a luxury Copacabana house in late September, which they secured for $4.3m – down from its $4,650,000 sale in 2021.

The clifftop home is now up for $1900-a-week rental.

His redundant Dulwich Hill property was pulled on auction-eve on October 11, with the one serious buyer apparently “being a bit cute with the price”.

The marketing got its first amended price guide of $1.85m after it had been pulled from auction.

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Prime Minister Anthony Albanese. Picture: NewsWire/Martin Ollman

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The Lewisham Street property had cost $1.175m in November 2015.

The Sell reported at the time it had been put up for rent at $880 a week, reflecting a 3.9 per cent yield.

The then-new property initially had $1.3m hopes.

The Dulwich Hill three-bedroom median hit a record $2.27m median in August, but currently sits at $2.21m, according to PropTrack after 39 sales over the past year.

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Inside the two-storey inner west townhouse.

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One of the three bedrooms.

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One of those sales took place on the same day as Albo’s intended auction, when an Abergeldie Street townhouse fetched $1.935m through Walter Burfitt-Williams at Ray White Taylor and Partners.

“Similar to Albo, we had lost all of our buyers on the Wednesday morning before the Saturday auction – it was going to be a challenge,” Burfitt-Williams said.

“We doubled down, though, and managed to get two fresh buyers there for Saturday – one of whom saw it for the first time the night before the auction.”

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