Australian Prime Minister Draws National Attention After $4 Million Property Purchase

The prime minister’s decision comes while the Labor government grapples with the cost of living crisis.

Australian Prime Minister Anthony Albanese is seen during a press conference after attending a tour of the Murrumba Downs Medicare Urgent Care Clinic in Murrumba Downs, north of Brisbane, on Jan. 31, 2024. AAP Image/Darren England

Prime Minister Anthony Albanese’s decision to buy a $4.3 million (US$2.8 million) home in a pristine beachside suburb between Newcastle and Sydney has drawn national attention during the country’s cost-of-living crisis.

The Australian leader is believed to have made the purchase with fiancée Jodi Haydon.