Anthony Albanese rakes in $104,520 a year renting out his two Sydney homes while living rent-free in the taxpayer-funded Lodge.
The prime minister struck a deal in November to rent out his old three-bedroom federation home in Marrickville, six days after advertising it for $1,350 a week.
And together with his second rental in nearby Dulwich Hill — which brought him $880 a week in 2018, but was cut by a quarter when the pandemic broke out — he now collects $104,520 a year in rental income alone.
That’s on top of his prime minister’s salary of $564,356, bringing his combined income to $668,876 per year.
Anthony Albanese (pictured with son Nathan and partner Jodie Haydon) is cashing in on the housing crisis and renting out his old inner-city home in Sydney for hundreds of dollars more than comparable rentals in the area
The prime minister struck a deal in November to rent out his old three-bedroom federation home in Marrickville, six days after advertising it for $1350 a week
Mr Albanese moved full-time to the Prime Minister’s official residences at Kirribilli House in Sydney and The Lodge in Canberra following his election victory last May.
He rose to fame in his pajamas outside his home in Marrickville — which he shared with his son Nathan, 22 — the morning after his win.
Mr Albanese bought the house with his ex-wife, former NSW Deputy Prime Minister Carmel Tebbutt, for $997,500 in 2006.
It was put up for rent through an Eastern Suburbs property company, The Agency Property Management, based in Bondi Junction, and snapped up within days.
Former Prime Minister Scott Morrison famously allowed his pool cleaner Nikki Durrant to live at his Port Hacking home in southern Sydney after her home was destroyed by flooding.
Malcolm Turnbull turned down official residencies to stay at his lavish mansion in Point Piper. It is clear that Tony Abbot and John Howard never rented their houses for a profit when they became Prime Minister either.
The Prime Minister’s home in Marrickville was last on the rental market in 2005 when it was rented out for $680 a week.
Since becoming Prime Minister, Mr Albanese has also sold his Canberra unit in Barton, which he bought in 1996 for $192,000, for an undisclosed sum. Neighboring units recently sold for about $550,000.
He also sold another rental he owned just down the street from his current home, which went for $2.35 million in July 2021 after paying $1.115 million in 2012.
His second rental home in Dulwich Hill is rented to his self-proclaimed biggest fan and TikTok influencer, Chrissy Flanagan.
Mr Albanese bought the modern terraced house with three bedrooms and two bathrooms in Dulwich Hill in 2015 for $1.175 million
She told Daily Mail Australia how the Prime Minister cut her rent by 25 per cent when the Covid pandemic broke out – and then failed to raise it.
“At the start of the pandemic, in recognition that my partner and I are small business owners in the hospitality industry, he cut our rent by 25 percent, which was great at the time,” she said.
“But what’s even more amazing is that even now, two years later, he still hasn’t hung it up.
“And admittedly, the hospitality industry is still hit and miss, but I don’t think other people get that kind of support from their landlords anymore.”
The Prime Minister held onto this two-storey Dulwich Hill townhouse after selling other properties
She told Daily Mail Australia: ‘Not every politician is the same in private as he is in public.
“I just think when you get this little glimpse of what someone is really like, when no one’s looking, that tells you something.
“It’s just a small reflection of how a person is private and what they could be like if given the opportunity to live their values more broadly.”