Albo’s home suburb sets new price record

Perhaps indicative of just how far out of reach home ownership is for many Aussies, the once working class Sydney suburb Anthony Albanese calls home has a big new price record.

Albo’s home suburb of Marrickville has a new price record.

The buyers of the record $4.5m Marrickville sale have emerged as David Knights and Alexa McAuley who head Civille, a green infrastructure and landscaping design consultancy.

The riverside Thornley St sale bettered the $4,375,000 Livingston Rd record last year.

The five-bedroom, three-bathroom 2015-built house is set on 809 sqm with a pizza oven amid its garden.

This Marrickville home has set a new suburb price record of $4.5m.

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According to news.com.au, 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.

Despite his humble beginnings in public housing, the Prime Minister’s declaration to parliament reveals he only has one mortgage on a third investment property in Sydney.

When you include his two taxpayer-funded homes – the Lodge in Canberra where he is based, and Kirribilli in Sydney – he now has access to five residential homes.

Albo outside his Marrickville home. Picture: John Grainger

“Outstanding family oasis with riverside entertaining,” the listing for the home read.

“Visualise water views and cool breezes filtering through the foliage toward this spectacular home, expertly conceived with industry-leading thought and craftsmanship.

“Engineered across the 809 sqm sloping block, the multi-level design presents exceptional accommodation featuring separate living areas, four generous bedrooms – most with lush natural outlooks – plus a dedicated study.

Riverside entertaining.

Plenty of living space.

Indoor/outdoor flow.

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“The floorplan culminates in a fabulous in/outdoor entertaining haven with epic dimensions, which has proven time and again that there’s no better place to celebrate special occasions than right here at home

“ Luxury features include integrated sound, gas fireplace, terrace with automated awning and pool, separate terrace with pizza oven, and a play-orientated garden with direct access to the foreshore.

“Parallel to the stretch of the Cooks River between Steel Park and Mackey Park, Thornley Street is Marrickville’s rendition of paradise, offering quick connections to schools and shops, while only 550 metres from Tempe Station.”

According to PropTrack, the median house price in Marrickville is $1.895m. That’s up 1.2 per cent over the past 12 months.

+ Additional reporting: James MacSmith

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Originally published as Albo’s home suburb sets new price record