![PM PRESSER](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Prime Minister Anthony Albanese at a press conference at Parliament House in Canberra on Thursday. Picture: Martin Ollman
It took PM Anthony Albanese 79 days to sell his investment property and he copped a $150k discount on the original price guide, but he’s understood to be “happy overall” with the result.
There were two buyers — both young couples planning to move in — fighting over the three-bedroom, two-bathroom townhouse at 29B Lewisham St, Dulwich Hill that sold on Friday night for $1.75m.
When asked on Saturday about the PM’s feelings about the price achieved, sales agent Shad Hassen of The Agency took a moment to gather his thoughts and said: “I think he’s happy overall with the result.”
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Albo’s investment property at 29b Lewisham St, Dulwich Hill sold for $1.75m on Friday night.
He’d bought it for $1,175,000 in 2015.
The deal came at the end of massive week for the Government, in which 45 pieces of legislation were passed, including Reserve Bank reforms, a social media ban for kids, and a scheme to increase the number of homes for rent by 80,000.
You’d have to think Albanese would be glad to see the back of his own rental property after nearly three months, following his $4.3m purchase of a Central Coast holiday home.
Hassen admits the listing of the Dulwich Hill property was a case of unfortunate timing — even a month earlier, he could have got more.
“It was one of the first batch of properties that came on the market in that spring period where the market had started to shift a little bit,” Hassen said.
Open-plan living opens to the back yard.
The townhouse has three bedrooms and two bathrooms.
“A lot of properties that were launched to market at a similar time experienced a similar journey.”
Originally listed at the start of spring on September 12, there was an ambitious $1.9m guide for a planned October 12 auction.
But on the days leading up the big day, Hassen found he was dealing with just one buyer — not uncommon in the current market — so the property was withdrawn from auction and given a $1.85m asking price.
That buyer disappeared, and a few weeks ago the price dropped to $1.75m.
“When we adjusted the price, we ended up having some more interest in the property … buyers saw value and we ended up selling it for the full [revised] asking price of $1.75m.”
Given the “market correction” that occurred across Sydney at the time they first listed, Hassen says there’s nothing he could have been done differently to achieve the original price of $1.9m — and the PM understands that.
“I think he’s very fair and a good understanding of the market,” Hassen said.
“He’s like everyone else, despite being the Prime Minister, like any homeowner who has committed to selling a property, he took the advice and has been very fair and reasonable about it.”
Hassen wouldn’t be drawn on how the $1.75m price achieved compared with offers at the start of the auction campaign when the guide was $1.9m.
Albo bought it for $1,175,000 in 2015.
