Prime Minister Anthony Albanese currently rents out a Central Coast property. Picture: Getty Images
Prime Minister Anthony Albanese will have secured a spot among the higher-earning landlords in the country after collecting close to $75,000 in rents this year, property records have revealed.
The prime minister currently rents out his luxury clifftop Central Coast home bought in 2024 for $4.3m, which he has told media he plans to make his future residence with wife Jodie Haydon.
Records indicate the home with sweeping views of Copacabana Beach was last listed for rent in July for $1450 per week, down from the $1500 per week listed in November last year.
Even with the discount, and with the property understood to have been fully tenanted for the year, this would mean at least $75,400 in gross rental income over 2025.
Mr Albanese’s gross rental income was about double the amount collected by the typical Australian landlord, who pulls in about $668 per week in rent, or just under $35,000 per year.
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The PM bought the home wife Jodie for $4.3m.
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It is not known what Mr Albanese makes in net rental income when accounting for expenses such as insurance, repairs, loan costs and management fees.
The PM updated his official register of interests in January to include unspecified “rental income” for the clifftop mansion.
Analysis from MCG Quantity Surveyors in February reported the rental could allow Mr Albanese to claim at least $45,000 in annual tax savings on his $564,000 prime ministerial salary. The tax savings would be the result of negative gearing concessions.
Mr Albanese has made an array of property investments over the years.
He was reported to have a $5m property portfolio just prior to getting the nation’s top job, most of which has since been sold.
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The PM settled on the sale of a Dulwich Hill property in January.
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Then Prime Minister Scott Morrison even commented in parliament about Albanese’s success.
“The leader of the Opposition has bought plenty of homes,’’ Mr Morrison said at the time.
“He’s bought plenty more than I have. Good for him. Good luck to him. We celebrate success.”
One of the current PM’s most successful investments was a property in the inner west suburb of Marrickville, transaction records showed.
The then leader of the house bought the property for $1.115m in 2012 and sold it nine years later in 2021 for $2.35m, an increase of $1.235m. The 2014 rent was listed at $915 per week.
Mr Albanese made a profit again in 2022 when he sold a Canberra apartment he had purchased in 1996 – roughly the time he first joined parliament as the Member for Grayndler.
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A former Marrickville investment property once owned by Albanese.
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The 2022 sale price, achieved just after he became prime minister, was $662,500. The 2022 price was about $500,000 above the $162,000 price he paid for the property.
Mr Albanese sold another investment property, this time within the inner west suburb of Dulwich Hill, for $1.75m late last year. Settlement was in January, records showed.
The price was about $575,000 higher than what Mr Albanese paid in 2025. The last advertised rent was $880 per week in 2018.
Rental affordability in March hit its lowest level since at least 2008, when records began, according to the PropTrack Rental Affordability Index.
A household earning the median (or typical) income in Australia of $116,000 could afford just 36 per cent of rentals advertised over July-December 2024. This was a drop from the (already lowest-on-record) 40 per cent that households could afford in 2023-24.
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