View attachment 6221406View attachment 6221409View attachment 6221412But Mr Albanese is the among the majority of his colleagues who owns multiple properties. The PM owns a house at Marrickville in Sydney's inner-west, his principal place of residence, along with an investment property at nearby Dulwich Hill,
which he is now selling, as well as a Canberra unit.
The PM's homes in his Grayndler electorate have recorded strong capital growth during the past year, in postcodes where the median price is significantly higher than greater Sydney's already unaffordable $1.4milllion.
Marrickville's median house price soared by 11.4 per cent in the year to April to $2.049million as Dulwich Hill saw a 13.4 per cent increase to $2.236millon.
But Mr Albanese is far from the most prolific property owner on the Labor side with Employment Minister Tony Burke owning six properties, including five with his former colleague turned girlfriend Skye Laris.
This list includes Tasmanian homes in the Meander Valley, Sorell, and the Huon Valley, along with a Belconnen home in Canberra, a Port Phillip home in Melbourne, and the family home at Punchbowl in Sydney's south-west.
Environment Minister Tanya Plibersek owns four homes, including three with her husband Michael Coutts-Trotter, a senior New South Wales public servant.
Immigration
A record
548,800 migrants on a net basis flooded into Australia in the year to September and capital city rental vacancy rates are under one per cent - leading to long queues from prospective tenants.
The 168,690 new homes built last year is also well short of the average of 240,000 new homes a year, over five years, Labor is promising to build as part of its promise for 1.2million new houses and units from July this year until 2029.
With 2.5 people per home on average, that leaves a housing shortfall of 127,075 just to house new migrants before births are even factored in.
The Treasury Budget papers had net overseas migration falling to 260,000 by 2024-25, and 255,000 in 2025-26 - with these figures including the permanent intake, covering skills, and the long-term component covering international students.
