Prime Minister’s $4 Million Cliffside Property Sparks Criticism Amid Housing Crisis

Assistant Treasurer Stephen Jones defended the prime minister, saying that the focus should be on housing policy, not on his personal property purchase.

Australian Prime Minister Anthony Albanese speaks to locals after touring a newly built community housing unit at Binjari near Katherine, Northern Territory on March 12, 2024. AAP Image/Lukas Coch

Prime Minister Anthony Albanese’s recent purchase of a luxurious four-bedroom home on the Copacabana cliffside has ignited debate in political circles and the broader public.

With sweeping ocean views and a distant glimpse of Sydney’s skyline, the $4.3 million (US$2.8 million) property has become a symbol of the growing divide between Australia’s political class and ordinary citizens struggling to break into the housing market.