{"id":16414,"date":"2024-10-18T11:37:28","date_gmt":"2024-10-18T00:07:28","guid":{"rendered":"http:\/\/quantiphy.com.au\/oldbackup\/?p=16414"},"modified":"2024-10-18T11:37:28","modified_gmt":"2024-10-18T00:07:28","slug":"how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios","status":"publish","type":"post","link":"https:\/\/quantiphy.com.au\/oldbackup\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\/","title":{"rendered":"How does Albanese\u2019s new $4.3m home compare to our former Australian PM\u2019s property portfolios?"},"content":{"rendered":"<p>Prime Minister Anthony Albanese made headlines this week not for his policies, but his growing property portfolio. The news of his recent purchase of a $4.3 million clifftop home in Copacabana on the Central Coast &#8211; which he\u2019ll likely move into once his stint is up at The Lodge &#8211; has ruffled some feathers amidst a cost-of-living and housing affordability crisis across the country.<\/p>\n<p>In response, Albanese has acknowledged his good fortune while also reminding Australians that he grew up in public housing. But how does his new acquisition compare to other former Australian PMs and their chosen residencies both during and post-prime ministership?<\/p>\n<p>While Scott Morrison returned to his Lilli Pilli home in the Sutherland Shire after clearing out of Kirribilli House following his loss to Albanese, his predecessor, Malcolm Turnbull, opted to stay put in his own digs throughout his tenure. Which, upon seeing said digs, makes total sense. Since 1994, The former Co-Chairman at Goldman and Sachs\u00a0has lived in a luxury waterfront property in Point Piper, which became a sprawling mansion in 1999 when he purchased the adjoining property for $7.1 m. Today, the lavish home is estimated to be worth between $50-60 million.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16416\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Turnbull-Manion-640x853.jpeg\" alt=\"\" width=\"600\" height=\"800\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Turnbull-Manion-640x853.jpeg 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Turnbull-Manion-320x427.jpeg 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Turnbull-Manion.jpeg 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Meanwhile, when Kevin Rudd lost the prime ministership (the first time), he and his wife splashed $2.17m on a luxury home in Canberra&#8217;s leafy Yarralumla, before picking up a $3.1 million beach house near Noosa on the Sunshine Coast in 2011.<\/p>\n<p>After Rudd reclaimed his PM title from Julia Gillard in 2013, Gillard sold her single storey brick home in Altona, which she owned from 1998 until 2013. The home sold for $220K above reserve at $921K to self-described \u2018fans\u2019 of her leadership. She then went on to purchase a $2m four-bedroom, three-bathroom home with her partner in Adelaide.<\/p>\n<div class=\"bt_bb_row\" data-structure=\"12\">\n<div class=\"bt_bb_column col-md-12 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"12\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_row_wrapper bt_bb_row_width_boxed_1200\">\n<div class=\"bt_bb_row\" data-structure=\"2-4-4-2\">\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\">\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_text\">\n<h6>Speak To An Expert<\/h6>\n<p>Schedule in a time to discuss your situation with a home loan specialist<\/p>\n<\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<div class=\"bt_bb_button bto btop bt_bb_icon_position_left bt_bb_color_scheme_14 bt_bb_style_filled bt_bb_width_inline bt_bb_shape_inherit bt_bb_size_normal bt_bb_align_inherit\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_normal&quot;,&quot;xl&quot;:&quot;normal&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_inherit&quot;,&quot;xl&quot;:&quot;inherit&quot;}}\"><a class=\"bt_bb_link\" title=\"BOOK IN A CALL\" href=\"\/finance\/book-a-chat-with-tommy-biller\/\" target=\"_self\" rel=\"noopener noreferrer\"><span class=\"bt_bb_button_text\">BOOK IN A CALL<\/span><\/a><\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_normal bt_bb_border_style_none\"><\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"4\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<div class=\"bt_bb_column col-md-2 col-sm-4 col-ms-12 bt_bb_align_center bt_bb_vertical_align_top bt_bb_padding_double bt_bb_highlight\" data-width=\"2\">\n<div class=\"bt_bb_column_content\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"bt_bb_separator bt_bb_bottom_spacing_small bt_bb_border_style_none\"><\/div>\n<p>In 2007, John Howard retreated from The Lodge to his long-time family residence in Wollstonecraft on Sydney&#8217;s lower north shore. When Paul Keating reigned supreme, he splashed $2.2 million in \u201894 for the historic \u2018St Kevins\u2019 home on Queen St in Woollahra. Years on from his time as PM, Keating has made many additions to his property portfolio, including\u00a0 a $1.6 million Elizabeth Bay apartment in 2017, a $2.7 million holiday home in Gerringong in 2019, and a $1 million investment apartment in Melbourne that same year. Just last October, he managed to secure $315,000 for his 18 sqm parking spot in Potts Point, bought by developer Tim Price.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16417\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Paul-Keating-Woollahra-640x480.jpg\" alt=\"\" width=\"600\" height=\"450\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Paul-Keating-Woollahra-640x480.jpg 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Paul-Keating-Woollahra-768x576.jpg 768w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Paul-Keating-Woollahra-320x240.jpg 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Paul-Keating-Woollahra.jpg 800w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>And there was Bob. Australia\u2019s most celebrated SCG sculler purchased a three-bedroom home overlooking Sugarloaf Bay for $1.23 million in 1991, seven months before Mr Hawke lost the leadership to Keating.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-16418\" src=\"http:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Bob-Hawke-Rooftop-640x480.jpeg\" alt=\"\" width=\"600\" height=\"450\" srcset=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Bob-Hawke-Rooftop-640x480.jpeg 640w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Bob-Hawke-Rooftop-768x576.jpeg 768w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Bob-Hawke-Rooftop-320x240.jpeg 320w, https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/Bob-Hawke-Rooftop.jpeg 1024w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Two years later, the home was knocked down and replaced with a four-storey mansion. Ten years on from that, Bob secured Willoughby Council approval to install a rooftop pergola complete with synthetic turf to double as a putting green. In 2019, the North Shore home sold for $14 million, only shortly before Mr Hawke died at 89-years-old.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Anthony Albanese made headlines this week not for his policies, but his growing property portfolio. The news of his recent purchase of a $4.3 million clifftop home in Copacabana on the Central Coast &#8211; which he\u2019ll likely move into once his stint is up at The Lodge &#8211; has ruffled some feathers amidst&#8230;<\/p>\n","protected":false},"author":4,"featured_media":16415,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,6],"tags":[],"class_list":["post-16414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How does Albanese\u2019s new $4.3m home compare to our former Australian PM\u2019s property portfolios? - Quantiphy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quantiphy.com.au\/oldbackup\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does Albanese\u2019s new $4.3m home compare to our former Australian PM\u2019s property portfolios? - Quantiphy\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Anthony Albanese made headlines this week not for his policies, but his growing property portfolio. The news of his recent purchase of a $4.3 million clifftop home in Copacabana on the Central Coast &#8211; which he\u2019ll likely move into once his stint is up at The Lodge &#8211; has ruffled some feathers amidst...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/quantiphy.com.au\/oldbackup\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\/\" \/>\n<meta property=\"og:site_name\" content=\"Quantiphy\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-18T00:07:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/quantiphy.com.au\/oldbackup\/wp-content\/uploads\/2024\/10\/8ad20107b75f21f825d616a3fe982f49.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"guy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"guy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/\"},\"author\":{\"name\":\"guy\",\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#\\\/schema\\\/person\\\/e2082abcb51c3924c4e24a78b162c34b\"},\"headline\":\"How does Albanese\u2019s new $4.3m home compare to our former Australian PM\u2019s property portfolios?\",\"datePublished\":\"2024-10-18T00:07:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/\"},\"wordCount\":510,\"publisher\":{\"@id\":\"http:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/8ad20107b75f21f825d616a3fe982f49.jpg\",\"articleSection\":[\"Finance\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/\",\"url\":\"https:\\\/\\\/quantiphy.com.au\\\/oldbackup\\\/how-does-albaneses-new-4-3m-home-compare-to-our-former-australian-pms-property-portfolios\\\/\",\"name\":\"How does Albanese\u2019s new $4.3m home compare to our former Australian PM\u2019s property portfolios? 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