I do love the smell of a burning PM in the morning:
Colleagues of Anthony Albanese counselled him against buying a $4.3 million clifftop home on the NSW Central Coast because of the poor optics in the run-up to the federal election.
…“It looks like he’s got one foot out the door,” one MP told The Australian Financial Review, who, like others, spoke candidly only on condition of anonymity. “It’s a bad look. It’s a shocker.”
Another said the blunder was made all the worse because embarking on the purchase was a deliberate and detailed process.
“It wasn’t just a f—-up at a press conference.”
…“He was told it’s a bad idea,” he said.
…He intends to fund the purchase in part from the proceeds of the sale of his Dulwich Hill investment property in Sydney’s inner west.
That is, property mogul Albo has used negative gearing, record homelessness, unprecedented housing shortages, and out-of-control immigration to leverage himself into a beachside love nest.
Put another way. Albo has slaughtered Australian living standards to give himself a leg up into ocean views. Not bad for houso scum.
Labor MPs are pushing for negative gearing changes to be put on the table in the wake of revelations Anthony Albanese purchased a $4.3m beachside home, threatening a pre-election schism between the Prime Minister and Jim Chalmers over housing tax policies.
Amid internal debate over the effectiveness of Labor’s housing election policies and growing appetite for a clampdown on property tax concessions, Treasury has modelled a range of tightened rules around negative gearing for the government to consider.
While the Prime Minister has made clear in recent weeks that he is not contemplating adding negative gearing and capital gains tax overhauls to Labor’s housing election manifesto, Dr Chalmers’ department is working on options that would help counter the Greens’ housing scare campaign.
Too late now.
All Aussies deserve a piece of Albo’s exclusive seaside parties and Jeffrey Epstein’s guest list.
