February 24, 2023

How PM Anthony Albanese Built His $5 million Property Empire

PM Anthony Albanese grew up in public housing with his mother Maryanne. He bought his first home in Marrickville in 1990 for $146,000, which was sold for $186,000 in 1995. His most recent sale was his property in Barton which he bought for $162,000 in 1996 and sold for $660,000 this year – more than double his original investment.

Today, PM Anthony Albanese owns a $5 million property portfolio.

Below is a quick rundown of the state of his properties, which demonstrates why property remains to be one of the best ways to building wealth:

property portfolio of pm anthony albanese

Location remains paramount in real estate and there’s no denying that this has been key in Albanese’s success as an investor with his properties located in Australia’s fastest-growing cities. 

Canberra, in particular, has a remarkable 32 years of consecutive economic growth, and a stable workforce with an unemployment rate at historically low levels of 3.4% in October 2022.

Rural Western Australia has become the wealthy’s latest hot spot for property investment. Over the past quarter, the Elders Rural Property Update records the highest growth for rural properties in Western Australia – up by 11.2 per cent to $8,158/ha. 

The strength of real estate values can also be attributed to the economic conditions in Western Australia. The mining sector is booming once again, which has led to increased demand for Perth properties. The latest figures from the ABS show that the state has an unemployment rate of just 3.4%, continuing to draw residents and homebuyers to this thriving property market.

So what’s the moral of the story? 

Location is king and when it comes to investing, there is no “best time” to buy. 

The key is to understand the market and identify the right opportunities when they arise. 

And when you do find it, seize it. Every successful investor understands the opportunity cost of time and nothing costs more than a lost opportunity. 

PM Anthony Albanese saw the potential for property investment 20 years ago and has been reaping the rewards ever since. 

You can do the same.

If you would like to learn more about our current investment opportunities in Western Australia’s rural locations, enquire now.