Aussie PM faces flak for buying waterfront home

17 October,2024 08:53 AM IST |  Melbourne  |  Agencies

Albanese brushed off criticisms on Wednesday when questioned by reporters about concerns raised

Anthony Albanese


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Australian Prime Minister Anthony Albanese has been criticized for buying a multimillion-dollar waterfront home during a national housing crisis with federal elections just months away.

Critics argue that the purchase of the 4.3 million Australian dollar ($2.9 million) clifftop home at Copacabana, north of his hometown of Sydney, made him appear out of touch with many Australians who are struggling to buy or rent a home due to elevated interest rates, rising prices and limited supply.

Albanese brushed off criticisms on Wednesday when questioned by reporters about concerns raised.

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