Would anyone buy Albocoin?

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There will be no such thing because such innovative graft is beyond any Australian politician.

Instead, there will be Albohouse.

Prime Minister Anthony Albanese has succeeded in renting out his $4.3 million clifftop home on the NSW Central Coast after lowering the price, likely bringing in thousands a month for the four-bedroom property.

The latest register of interests reveals Albanese has listed the four-bedroom and three-bathroom property in Copacabana, called “clifftop perfection” by the real estate agent who sold it, as an investment property generating rental income.

…“Some people [within Labor] were aware and tried to stop it. My instinct is this is f—ing terrible,” one MP said at the time.

I’m glad to see the market brought Albohouse rental expectations down to earth.

Now, with any luck, we’ll get a giant swell, and it’ll slide into the sea.

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It wouldn’t fully equalise Albo’s finances with Australians after three years of calamitous mismanagement, but it would be a start.

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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.