Anthony Albanese drops price on Dulwich Hill investment property

Prime Minister Anthony Albanese’s bid to sell off his controversial investment property has just copped another setback.

Albo’s got some troubles on the home front. Picture: NewsWire / Martin Ollman

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.

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

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.

One of the three bedrooms.

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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Originally published as Anthony Albanese drops price on Dulwich Hill investment property