As he prepares to purchase a clifftop home in NSW, the Prime Minister of Australia has dismissed speculation about his plans to retire.
It has been confirmed that he has exchanged contracts for the property at the Copacabana in September. The property is expected to be settled by the end of October.
On Tuesday, Labor leader Anthony Albanese insisted that he is not planning on stepping down from his position anytime soon.
He noted that he is still focused on his current job and would stay in it for a long time.
The prime minister bought a home in the Central Coast to share with his fiancé Jodie Haydon.
The property, which is located on the top of the Clifftop at Copacabana, features four bedrooms and three bathrooms.
According to the listing, it has an amazing view of the Sydney Harbour and the ocean from its various levels.
The property is situated in a prime location that offers various outdoor activities such as whale watching and sun bathing.
It also features a large guest room and an entertainment deck with a north-facing view of the ocean. The home was previously owned by a previous owner, and it was purchased by the current owners in 2021.
During a time when many people are struggling with the rising cost of living and housing, Albanese noted that he is very fortunate to have been able to earn a good salary as the Prime Minister.
As the Prime Minister noted, he also knows what it’s like to struggle in the housing market. His mother was a resident of a public housing facility for 65 years.
This is why he is advocating for people to buy homes regardless of their type of ownership.
He grew up in Camperdown and has since purchased several properties in the western suburbs.
His investment property in Dulwich Hill, which was scheduled to go under the hammer this weekend, was withdrawn from the auction.
According to his agent, Shad Hassan, two potential buyers have expressed their interest in the property.
Ten years ago, the prime minister purchased a duplex for $1.1 million. The asking price of the property has since gone up to almost $2 million.