Buyer’s strike hits Albo’s dogbox

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As we know, kleptocrat-in-chief Anthony Albanese has done his level best to feather his nest by buying property while juicing property demand via out-of-control immigration.

Yet, it appears even self-interest is beyond the capabilities of Albo as he prepares to shift to his taxpayer-paved $104.3 million clifftop lovenest.

The price guidance on the Dulwich Hill investment property listing of Anthony Albanese was tweaked midweek – while he was returning from the G20 summit in Brazil – to $1.75m, as the Prime Minister seeks to meet the falling property market.

The three-bedroom townhouse had $1.9m guidance on its early September listing.

Giving eviction notice to his $680-a-week tenant in May, Albanese had signalled his desire to “simplify his affairs” after his personal situation changed, namely his upcoming nuptials to partner Jodie Haydon.

It is great to see Albo throwing another Australian into the rental mincer as he moves to his palace. Nero would be proud.

Or, perhaps the former tenant will choose homelessness, which is an increasing option under Albo.

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However, one wonders how long it will be before governments charge for grass space in parks.

As the social contract collapses, who do we think will defend Albo’s corrupt and homeless country?

Nobody. Just turn the barracks into apartments too.

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The regency-style Victoria Barracks in Sydney’s inner east would be converted into residential housing and public parks under proposals from local councillors that echo Paris’ acclaimed transformation of its historic Reuilly barracks.

It’s not “Paris”; it’s Albo’s immigration homelessness hell.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.